Santander to Issue Non-Agency Credit-Risk Transfer January 23, 2023 Brandon Ivey Santander stopped originating mortgages in the U.S. almost a year ago, then outsourced the function to Rocket...Read More
Rocket CFO Warns Against Reliance on MSR Sales January 19, 2023 Brandon Ivey The CFO noted that Rocket sells some of its MSRs, but it’s mostly servicing on loans originated through brokers...Read More
A Decent 4Q22 for Jumbo Bellwether FRB January 17, 2023 Paul Muolo Compared to the megabanks, it might be said that FRB’s mortgage business has held up fairly well...Read More
Out at Blend: President Tim Mayopoulos, Two Other Executives... January 13, 2023 Dennis Hollier The former Fannie CEO will exit in the midst of a major restructuring for the mortgage fintech.Read More
City National Bank Agrees to Record $31 Million Redlining Settlement January 13, 2023 Sam Manas City National Bank said it disagreed with the allegations, but settled anyway...Read More
Redwood Back in the Jumbo MBS Market After Long Absence January 12, 2023 Brandon Ivey Loans in the new jumbo MBS have seasoned for an average of six months...Read More
GSE Loan Purchases Head South, 4Q Volume at Just $159 Billion January 10, 2023 Dennis Hollier Among nonbanks, the larger shops saw their slice of the pie grow by two percentage points.Read More
UWM Expands Rate-Buydown Options January 10, 2023 Namrata Bhatia The Michigan mortgage giant is one of several major lenders gambling that the opportunity to lower rates will attract more homebuyers.Read More
On the CFPB's Agenda: Nonbank Rulemaking, More... January 10, 2023 Sam Manas The first proposal would require nonbanks to register with the bureau if they become subject to a public enforcement order.Read More
Redfin: Lenders Lose Market Share on Purchase Deals January 10, 2023 Brandon Ivey Cash sales have gained market share during a time when mortgage financing typically increases...Read More
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