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Rocket Returns to Profitability in Second Quarter

August 4, 2023
Brandon Ivey
The nonbank saw an improvement in margins and sold servicing during the second quarter.
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Servicing Props Up Guild’s Earnings in Second Quarter

August 4, 2023
Brandon Ivey
Lending remained unprofitable for the nonbank in the second quarter.
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Velocity Stays Profitable as Loan Portfolio Grows

August 4, 2023
James Dohnert
Business-purpose lender, Velocity Financial, grew its loan production by 19.2% in the second quarter of this year.
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Short Takes: Fallout From Fitch’s Downgrade: Higher Interest Rates and GSE CRT Ratings / Somewhat Older Loans in Non-Agency MBS

August 4, 2023
Brandon Ivey
Fitch's downgrade of its rating for the U.S. influenced interest rates on mortgages and had ramifications for GSE CRT.
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‘Noncore’ Share of GSE Activity Declining

August 3, 2023
James Dohnert
The core share of GSE activity increased to 81.2% in the first quarter, up from 79.4% in the previous quarter.
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Ocwen Turns Profit as CFPB Declines to Appeal Court Loss

August 3, 2023
Brandon Ivey
Ocwen's income received a $28 million boost from “favorable adjustments to significant legal and regulatory settlement expenses.”
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MFA Falters in the Second Quarter

August 3, 2023
James Dohnert
Despite a strong quarter for originations, MFA Financial recorded a loss in the second quarter of the year.
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Mixed Results for Black Knight, ICE in Second Quarter

August 3, 2023
Brandon Ivey
The mortgage market was "weaker than expected" in the second quarter, according to Black Knight's executive chairman.
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Short Takes: Freddie Assessing Tax Transcripts / GSEs Also Downgraded / New Non-Agency MBS / HUD Increases Outreach on Appraisal Bias / Terra Property Trust Improves Offer

August 3, 2023
Brandon Ivey
Freddie Mac improves income verification options for self-employed borrowers.
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Freddie's Profits Increase Thanks to Home Price Gains

August 2, 2023
Dennis Hollier
Higher home prices allowed the enterprise to shift from a $395 million provision for credit losses in the first quarter to a $537 million benefit in the second.
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Latest Imf News

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Featured Data

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More Latest Reports

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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