PennyMac’s Profits Decline in First Quarter April 28, 2023 Brandon Ivey PennyMac's originations were essentially level in the first quarter, helping the lender become the largest producer in the industry.Read More
Redwood Sees Jumbo Opportunity as Banks Suffer April 28, 2023 James Dohnert Redwood Trust anticipates that more jumbos will flow through its conduit as liquidity becomes a significant concern for some regional banks.Read More
Mortgage Business at NYCB (Flagstar) Improves in First Quarter April 28, 2023 Brandon Ivey More originations, an improvement on margins and an increase in income from servicing at NYCB.Read More
FHA Gaining Popularity Among Borrowers, Home Sellers April 28, 2023 Monica Hogan Both purchase-mortgage borrowers and home sellers are increasing their acceptance of FHA mortgages.Read More
Short Takes: Jumbos: Selling vs Holding / Interest Rate Trends / FHA and Flood Insurance April 28, 2023 Brandon Ivey There are some benefits to selling jumbos into the secondary market rather than holding the loans in portfolio.Read More
Lakeview Increases Ginnie Servicing Lead in First Quarter April 27, 2023 Andras Malatinszky The amount of Ginnie servicing volume outstanding increased by 1.6% in the first quarter while Lakeview's portfolio grew by 3.4%.Read More
CHLA Asks for Full Funding for FHA, Ginnie April 27, 2023 Monica Hogan The Community Home Lenders of America wrote to the leaders of House and Senate housing appropriations committees.Read More
Annaly Takes Large Loss in First Quarter Amid Volatility April 27, 2023 Brandon Ivey While the first quarter didn't go much better than the fourth quarter, officials at the REIT suggest better times are ahead.Read More
NYSE Stops Trading of Impac Mortgage’s Stock April 27, 2023 Brandon Ivey Impac's stock was trading at $0.22 per share when trading was suspended.Read More
Short Takes: CFPB on Old Second Liens / Plenty of Servicing Available / Garris Horn Adds Partner / Overvalued Homes April 27, 2023 Brandon Ivey The CFPB is aiming to prevent foreclosures tied to older second liens.Read More
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