Mortgage Jobs Dip in New Government Tally May 6, 2022 Paul Muolo While most industries are dying for workers, mortgage lenders have the opposite problem...Read More
PennyMac Bolsters 1Q22 Income With MSR Markups May 6, 2022 Brandon Ivey Unlike some shops, Penny actively hedges its MSRs, which can actually reduce the size of the markup when rates rise rapidly.Read More
In 1Q22, Nonbanks Once Again Tightened Their Grip on the MSR Market May 5, 2022 John Bancroft The nonbank share of the top 50 servicing owners edged up from 53.0% in the fourth quarter to 53.4% in early 2022.Read More
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
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