Mining for Mortgages in the Metaverse: Foolishness or Something Else? May 9, 2022 Sam Manas Rocket Mortgage, the nation’s top originator, has information about digital real estate on its website but...Read More
The Tea Leaves: April MBS Issuance Continues the Downward Trend May 6, 2022 John Bancroft April MBS issuance volume, which reflects originations, was the lowest monthly output since March 2020, just before the Fed launched a historic surge in refi activity.Read More
The Mortgage M&A Wheel Begins to Turn May 6, 2022 Paul Muolo and Brandon Ivey What are conventional and government production networks worth these days? Probably not much...Read More
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