Rate Hike Won’t Help with Fed’s MBS Runoff May 5, 2023 Dennis Hollier Since quantitative tightening began in June 2022, the Fed hasn't come close to the $35 billion monthly cap on its MBS runoff.Read More
Short Takes: Rithm Plans to Spin Off Mortgage Unit / ABA Concerned About Short Sellers / Impac Reduces Earnings Disclosures / Blend Warned of Possible Delisting From NYSE May 5, 2023 Brandon Ivey Rithm owns NewRez, Caliber Home Loans and Shellpoint Mortgage Servicing, among other units.Read More
Delinquencies on Agency Loans Down in First Quarter May 4, 2023 Namrata Bhatia Improvements in loan performance were seen across Fannie Mae, Freddie Mac and Ginnie Mae.Read More
Western Alliance, PacWest Under Renewed Pressure May 4, 2023 Brandon Ivey The banks had weathered volatility in March and April.Read More
Rithm’s Income Declines Somewhat in First Quarter May 4, 2023 Brandon Ivey Servicing drove earnings while lending generated a loss.Read More
Ocwen Takes Loss in First Quarter as Servicing Value Declines May 4, 2023 Brandon Ivey Servicing still looks more attractive than lending at the moment.Read More
Angel Oak’s REIT Breaks Even in First Quarter May 4, 2023 James Dohnert Resuming purchases of newly originated loans and taking part in a January securitization, Angel Oak Mortgage experienced a slight boost to start the year.Read More
Short Takes: Rate Locks Slow / TD Bank-First Horizon Merger Off / Black Knight’s Margin / Annaly Stocks GSE IPLs in Non-Agency MBS May 4, 2023 Brandon Ivey Locks for both purchase mortgages and refinances declined.Read More
Freddie Earnings Remain Stable in First Quarter May 3, 2023 Dennis Hollier Freddie's profitability remains a tale of loan loss reserves, with net income rising and falling according to the size of the provision for losses.Read More
MSR Transfers Cool Off in First Quarter May 3, 2023 John Bancroft Transfers of agency mortgage servicing rights in the first quarter of 2023 dropped 50.1% compared with the previous quarter.Read More
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