Lower Profits for Nation's #3 Originator, UWM. MSRs Bolster Weaker Originations August 9, 2022 Brandon Ivey UWM's gain-on-sale margin totaled 99 basis points in the second quarter. Management estimates a GOS of 30 bps to 60 bps in 3Q22...Read More
Ginnie Issuance Falls to a 2022 Low in July August 9, 2022 Monica Hogan In July, PennyMac Financial Services led the pack with $4.5 billion of Ginnies issued...Read More
Fitch: 89% of Homes Are Overvalued, Cautions About the West August 9, 2022 Paul Muolo In particular, Fitch sees the housing picture worsening in the west during the second half of 2022.Read More
HUD Explores Expanding CDFI Access to Ginnie Mae August 9, 2022 Monica Hogan The task force is looking at administrative actions it can take to boost CDFI participation in the Ginnie Mae program...Read More
Volatility in Expanded-Credit Market Shakes Up MBS Contributors August 8, 2022 Brandon Ivey Among the top five contributors to expanded-credit MBS in 2021, only two cracked the top five in 2Q22...Read More
Cenlar Chief Tornquist Retires, Former GSE Executives Fill the Void August 8, 2022 Paul Muolo The press-shy, privately held vendor made headlines last fall when it was sanctioned by the OCC...Read More
Mortgage Insurers Introduce Targeted Price Hikes August 8, 2022 Monica Hogan Radian CEO Rick Thornberry noted his company’s premium pricing over the past few years has become more granular...Read More
GSE MSRs Up for Grabs August 8, 2022 Paul Muolo The market for MSRs continues to simmer. A busy fall ahead?Read More
Agency MBS Issuance Falls to 2022 Low in July August 5, 2022 John Bancroft Lenders delivered $98.10 billion of purchase loans into agency MBS last month...Read More
Mortgage Layoffs Double and Then Some August 5, 2022 Paul Muolo The job losses in the mortgage brokerage community were much less severe: 900 employees were handed pink slips in June...Read More
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