Short Takes: Home Point Unloads Ginnie MSRs… / And More / A Decline in Home Values / Why? / loanDepot Loses Another Executive December 6, 2022 Paul Muolo October brought a month-over-month decline in home prices...Read More
Servicing Paddles Harder to Keep Lenders Afloat in 3Q December 5, 2022 John Bancroft Three of the 22 companies reported net losses on production...Read More
Brokers Push for Removal of GSE Cash-Out Fee December 5, 2022 Dennis Hollier NAMB also believes the timing of the increase is poor...Read More
Securities Professionals Applaud SEC Relief on Disclosure Rule December 5, 2022 Namrata Bhatia The Structured Finance Association lauded the SEC’s decision...Read More
Phoenix Out With Another MSR Deal, This One Top-Heavy With NY Product December 5, 2022 Paul Muolo The bid deadline is Dec. 6...Read More
Who Bought Angel Oak's Non-QM Loans? An Investor Based in Atlanta... December 2, 2022 Paul Muolo The loans sold for 83 cents on the dollar. Par is 100...Read More
REITs Report Small Gain in Residential MBS in 3Q December 2, 2022 John Bancroft Annaly remained the top REIT MBS holder with $81.88 billion at Sept. 30...Read More
Guild Buys $1.7 Billion-a-Year Midwest Originator December 2, 2022 Paul Muolo It’s believed to be one of the first “franchise” M&A deals by a publicly traded mortgage company during the downturn...Read More
Subservicing a Solid Option. However... December 2, 2022 John Bancroft “Now delinquencies are low,” said one executive, “but we think that in about two years it will be different.”Read More
Short Takes: Brokers Face the Layoff Ax Too / Wells Won’t Say / UWM’s Ishbia: Cut the FHA MIP Now / More Repo (Warehouse) Lines Reduced December 2, 2022 Paul Muolo and Monica Hogan A Wells spokesman would not provide specifics on the mortgage layoffs...Read More
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