Jumbo Correspondent Sales Down in 2022 May 11, 2023 James Dohnert Sales of jumbos in the correspondent channel fell by 50.9% on an annual basis in 2022.Read More
Bank Failures Weighing on Agency MBS Investors May 11, 2023 Brandon Ivey Instead of adding to their MBS portfolios in 2023, banks are now expected to be net sellers.Read More
Short Takes: What a U.S. Default Would Do to Interest Rates / Foreclosures Slow / ‘Silly Reporters’ / GAAP Would Like a Word May 11, 2023 Brandon Ivey The mortgage industry fallout if Congress and the White House fail to raise the debt ceiling: Zillow predicts 8.40% interest rates on 30Y FRMs.Read More
MSR Markdown Prompts Another Loss for United Wholesale May 10, 2023 Brandon Ivey Margins jumped but MSR markdowns overwhelmed UWM's income in the first quarter.Read More
loanDepot Books Loss in First Quarter, Margins Improve May 10, 2023 Paul Muolo Originations declined, margins improved, but a loss was still in the cards for the first quarter.Read More
Veterans United Leads FHA/VA Correspondent Sellers in 2022 May 10, 2023 Brandon Ivey While correspondent sales of FHA/VA loans declined in 2022, Veterans United increased its sales volume.Read More
Non-QMs an Option for Borrowers in Cannabis Industry May 10, 2023 James Dohnert While many states have approved of cannabis sales, it's still considered a Schedule I substance on the federal level.Read More
Short Takes: Applications Increase / Blend Gaining Market Share / Cenlar’s Information Factory / Sagent in India May 10, 2023 Brandon Ivey As interest rates declined, applications increased...Read More
Chase to Surpass Wells as Largest Servicer May 9, 2023 John Bancroft Wells is shrinking its servicing portfolio while Chase is growing.Read More
Losses at Guild Pile Up as Lender Seeks Market Share May 9, 2023 Paul Muolo Guild is gaining market share and counting on an earnings turnaround in the coming months.Read More
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