Warehouse Usage Rates Crater as Nonbanks Suffer June 17, 2022 The commitment numbers hardly seem awful but the real damage is in the usage rates...Read More
The Fed Increases Its MBS Holdings. Huh? June 17, 2022 The central bank is unique in that it reports MBS holdings based on the unpaid principal balance of the securities it owns...Read More
GSE Pilot Programs Resurface with Equitable Housing Finance Plans June 17, 2022 Dennis Hollier FHFA chief Sandra Thompson made it clear she is open to a more expansive use of pilots...Read More
Depositories Lose Ground in MSRs, Nonbanks Plow On June 16, 2022 John Bancroft Nonbanks boosted their combined servicing by 4.8%, hitting $6.231 trillion...Read More
LoanDepot Executives Sell Company Shares Into a Tough Market June 16, 2022 The sales were carried out pursuant to Rule 10b5-1 trading plans...Read More
May Rate-Lock Readings Don’t Exactly Inspire June 16, 2022 Brandon Ivey Mortgage Capital Trading reported an even sharper drop of 10.1% for purchase rate-locks...Read More
Retail Channel Holds Up (Sort Of) as Jumbos Take a Hit June 16, 2022 Brandon Ivey Retail jumbo lending tends to be dominated by banks...Read More
A Bump Up in Applications but as One CEO Commented, ‘It’s Ugly’ June 15, 2022 Paul Muolo Lenders continue to report a strong purchase-market but are feeling the pain from cratering refis...Read More
Lenders Defend Offering DSCR Loans with Negative Cash Flow June 15, 2022 Brandon Ivey Non-agency originator Deephaven Mortgage accepts DSCR ratios as low as 0.75...Read More
More MSR Deals Hit the Auction Circuit June 15, 2022 Paul Muolo As a way to raise cash, more lenders are contemplating servicing sales...Read More
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