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
Western Asset’s Non-QM-Focused REIT Considering Sale August 5, 2022 Brandon Ivey At June 30, the REIT held non-qualified mortgages of roughly $1.24 billion...Read More
A Huge 2Q Revenue Drop for Rocket as Declining Refis Take Their Toll August 5, 2022 Paul Muolo The results, released after the closing bell Thursday, also revealed a respectable 2Q22 gain-on-sale margin of 292 basis points...Read More
Short Takes: Plenty of Jobs, Just Not Mortgage Jobs / Other Opportunities / The Guild GOS Story / MSRs for Sale / More Expansion for Falcon August 5, 2022 Paul Muolo The rate reprieve isn’t enough to eliminate the staff reductions that are now going on at most shops.Read More
Largest Servicers Lose Some Market Share in Second Quarter August 4, 2022 John Bancroft Three of the five largest services saw their portfolios shrink in the second quarter.Read More
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