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Jumbo Correspondent Market Shrinks in 2023

May 2, 2024
James Dohnert
Correspondent buyers of jumbos were divided fairly evenly between banks and nonbanks in 2023.
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Servicing Lifts Ocwen to Profit in First Quarter

May 2, 2024
Brandon Ivey
Changes in the fair value of MSRs boosted Ocwen's earnings.
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Short Takes: GSEs Revise Guides / Purchase-Mortgage Lending Increases at Zillow / Fairway Touts LO Recruits / Annaly Fast With MBS

May 2, 2024
Brandon Ivey
The GSEs established a formal definition for mortgages to first-generation homebuyers.
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FHA Loans Lead Boost in Ginnie Servicing

May 1, 2024
Brandon Ivey
Lakeview/Bayview Loan Servicing remained the largest Ginnie servicer and increased its market share in the first quarter.
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Non-Interest MF Income Drives Freddie 1Q24 Profits

May 1, 2024
Dennis Hollier
Risk management activities in Freddie's multifamily business generate $1 billion in revenues in the first quarter, more than doubling its 4Q23 figures.
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UWM Pays for CEO’s Security, Mentions ‘Threats’ to Ishbia

May 1, 2024
Paul Muolo
In 2023, UWM awarded Ishbia $12.16 million in compensation, including $1.26 million to cover “security services and equipment."
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Redwood Increases Profits in First Quarter

May 1, 2024
James Dohnert
Redwood's earnings improved following a 53% increase in locked loans in the first quarter.
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Short Takes: Mortgage Demand Declines / NewRez Spin-Off a Work in Progress / New HEI Securitization / More Non-Agency MBS

May 1, 2024
Brandon Ivey
On an annual basis, mortgage applications were down 9.2%.
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Fannie Increases Profits Despite Decline in Acquisitions

April 30, 2024
Dennis Hollier
Acquisitions may be the lowest they've been since the 3Q20, but accounting rules keep earnings on an even keel.
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Annaly Leads Expanded-Credit MBS Issuers in First Quarter

April 30, 2024
James Dohnert
Onslow Bay issued $2.52 billion of expanded-credit MBS in the first quarter, more than triple its issuance in the prior quarter.
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Latest Imf News

  • UWM Receives Equity Infusion From Oaktree, Suspends Dividend

  • Onity Swings to Loss in 2Q Amid Portfolio Restructuring

  • Zillow Aiming to Be One of the Largest Purchase-Mortgage Lenders

  • Pending Home Sales Decline in July With Rise in Interest Rates

More Imf News

Featured Data

  • Expanded-Credit MBS Issuance Declines in 2Q

  • Top Ginnie Servicers See Modest Growth in 2Q

  • Consumer Debt Drives New ABS to Record High in 2Q

  • Primary MI Volume, Characteristics Stable in Second Quarter

More Featured Data

Featured Reports

  • Guide to Mortgage Lending to First-Time Homebuyers

  • Mortgage Servicing Rights Report: 1Q26 (PDF)

  • Lender Profiles 1Q26: Top 25 (PDF)

  • Mortgage Profitability Report 1Q26 (PDF)

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results
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