MSRs Aid UWM’s 3Q Results but GOS Falls to 52 BPs and May Drop Further November 4, 2022 Paul Muolo Even though UWM grew originations in 3Q, loan production income fell to $172.4 million...Read More
Red Ink for Rocket Mortgage in 3Q22, GOS Falls to 269 BPs November 4, 2022 Paul Muolo Rocket's gain-on-sale margin slipped to 269 basis points in the third quarter from 292 bps in 2Q22... Read More
The 3Q Tally: Nonbanks Relentlessly Grow Their MSR Holdings November 3, 2022 John Bancroft The nation's top three primary servicers at September 30: Wells Fargo, Cenlar and Mr. Cooper...Read More
(At Least) Five Nonbanks in Talks With FoA Over Its Branch Network November 3, 2022 Paul Muolo One CEO confirmed a deal has been struck with FoA...Read More
A Profit for Ocwen (Thanks to MSRs), A Plan to Meet GNMA's RBC November 3, 2022 Paul Muolo Ocwen's shares are trading at a 43% discount to book value.Read More
The Jury is Still Out in Fairholme v. FHFA... November 3, 2022 Dennis Hollier Note: Fannie and Freddie have been steadily profitable for a decade now.Read More
Production Tanks at Rithm, MSR Markups Save the Day November 2, 2022 Paul Muolo Its positive servicing mark for 3Q22 totaled $143 million.Read More
loanDepot Scales Back a Repo Line, Announces New JV November 2, 2022 Paul Muolo The expiration date on the repo was extended to Oct. 26, 2023...Read More
First Republic: Rough Times Ahead for Lending Margins November 2, 2022 Brandon Ivey In a nutshell, the problem is margin compression, not credit...Read More
FHA Chief Seeks Stable Funding for IT Upgrades November 2, 2022 Monica Hogan Gordon said the prolonged confirmation process regarding her appointment interrupted the continuity of leadership at the agency.Read More
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