Retail Slumps, Third-Party Lenders Gain Ground in a Tough Market November 28, 2022 John Bancroft In 3Q22, refi accounted for just 25.6% of agency retail loans...Read More
Angel Oak Sells Underwater Non-QMs for 83 Cents on the Dollar November 28, 2022 Paul Muolo The information was contained in 8-K filed just before the Thanksgiving holiday.Read More
JPMorgan Readies First DSCR MBS. 20% of the Collateral Comes from Sprout November 28, 2022 Namrata Bhatia The DSCR security from JPM is secured by 980 loans...Read More
Lenders, Analysts Remain Nervous About Ginnie's Eligibility Rules November 28, 2022 John Bancroft The most controversial part of the scheme: a 250% risk weight on agency MSRs...Read More
Time for UWM to Move Servicing Inhouse? Not Really November 23, 2022 Paul Muolo loanDepot moved its servicing inhouse. UWM is sticking with its two subservicing vendors...Read More
Despite Market Churn, MSR Financing Is in Good Supply November 23, 2022 John Bancroft There haven’t been many capital markets deals lately because spreads are too wide, noted one panelist...Read More
Delinquencies Fall Yet Again, Reaching an All-Time Low November 23, 2022 Andras Malatinszky Mortgage late payments were down in all default categories in 3Q22, with the exception of the 60-90-day bucket...Read More
Additional Bulk Servicing Auctions Hit the Circuit November 23, 2022 Paul Muolo It may be Thanksgiving week, but Phoenix and Prestwick are out with new MSR offerings...Read More
Short Takes: This Time, It’s Different / A Shorter Correction Timeline? / Foreclosures Rising / Hurricane Ian / Cardinal Hires loanDepot Vet / A Few Days Off… November 23, 2022 Paul Muolo and Sam Manas The hope is that the origination correction will be shorter than past ones...Read More
Trouble in Fix-and-Flip? Some Ominous Findings from Redfin November 22, 2022 Paul Muolo Investor purchases slumped 26.1% on a sequential basis.Read More
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