A Pay Package of Almost $31 Million for loanDepot Chief Hsieh May 5, 2022 Paul Muolo The compensation package could raise eyebrows given that loanDepot’s share price fell to $2.83 Thursday morning.Read More
ICE Agrees to Purchase Black Knight for $13.1 Billion May 5, 2022 Monica Hogan The sale is expected to close in early 2023.Read More
Two Lenders (REITs Both) Find Safe Harbor in the Earnings Storm May 5, 2022 Brandon Ivey NRZ's Michael Nierenberg didn't whitewash it: “We are in a horrible market for mortgage originations.”Read More
Another Fannie Mae Executive Departs: Jenney Shen, VP of Single-Family May 4, 2022 Paul Muolo At Fannie, Shen was responsible for relationships with the mortgage giant’s 1,500 seller/servicers.Read More
Jumbo Denial Rates Fell to 11% Last Year May 4, 2022 Brandon Ivey Wells Fargo received the highest number of applications for jumbos and had an overall jumbo denial rate of 14.3%.Read More
Ginnie Seeks Common Ground with FHFA on Capital Requirements May 4, 2022 Monica Hogan The Ginnie chief said alignment "simplifies" issuers’ capital and liquidity planning...Read More
Mortgage-Investing REIT MFA Takes $83M Loss in 1Q as Collateral Value Drops May 4, 2022 Brandon Ivey MFA was holding whole loans with an average unpaid principal balance of $8.3 billion at the end of March.Read More
New Residential Outshines Mr. Cooper on MSR Markup: $845 Million May 3, 2022 Paul Muolo As most any mortgage banker knows, when rates rise — as they have this year (and rapidly) — servicing rights increase in value.Read More
An Earnings Decline at Fannie, Interim CEO Benson Tempers Expectations May 3, 2022 Paul Muolo and Dennis Hollier Fannie's interim CEO David Benson predicts a recession is coming next year...Read More
Angel Oak, Annaly Offer a Mix of Loans in Latest MBS May 3, 2022 Brandon Ivey The MBS contain mortgages from a variety of lenders, including newer production and loans originated more than two years ago.Read More
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