Senate Confirms Gordon to Lead FHA. About That Premium Cut... May 12, 2022 Monica Hogan Now that Gordon has been plated, the lobbying for a premium cut begins...Read More
Is loanDepot in Play? No Strategic Review Underway May 11, 2022 Brandon Ivey and Paul Muolo In trading Wednesday, loanDepot's shares were up slightly on the day after falling to a new 52-week low of $2.00 a unit on Tuesday.Read More
Consumer Complaints Surge in the First Quarter of 2022 May 11, 2022 Sam Manas Year-over-year, overall consumer gripes were up 39.7%, but mortgages...Read More
A 1Q Earnings Gain for Rocket. Reason: (You Guessed It) MSR Mark Ups May 11, 2022 Paul Muolo Rocket's MSRs accounted for 25.4% of its asset base at March 31 compared to 16.4% at yearend.Read More
FHFA Has Plenty to Ponder on Eligibility Proposal May 11, 2022 Dennis Hollier SFA raised concerns about how the appropriate net worth, capital and liquidity requirements for seller/servicers are calculated.Read More
loanDepot’s Stock Crushed After 1Q Loss, Production Outlook Weak May 10, 2022 Brandon Ivey loanDepot's originations and servicing segments suffered in the first quarter amid rising interest rates.Read More
UWM Taps the MSR Markup ‘Well’ and Reports a Strong Profit for 1Q May 10, 2022 Paul Muolo UWM anticipates second quarter production of $26.0 billion to $33.0 billion and a GOS of 75 to 99 bps.Read More
As Volumes Drop, Some Mortgage CEOs Take Home Less Pay May 10, 2022 Paul Muolo During the first quarter, Fairway transferred roughly $5.8 billion of mortgage servicing rights to new owners...Read More
Former Freddie CEO Suggests Some Price Gouging was Occurring During the Pandemic May 10, 2022 Dennis Hollier In a recent blog posting, the former Freddie chief used MBA profitability data to make his argument...Read More
As Deliveries Decline, GSE Seller/Servicers Loosen the Credit Box May 9, 2022 Dennis Hollier All of the top 10 GSE sellers saw their deliveries decline both sequentially and year to date.Read More
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