One More Squeezing of the MSR Grapes? Looks That Way October 7, 2022 Paul Muolo Some market watchers worry about how liberal the 3Q22 MSR "marks" might be...Read More
Non-QM Demand Varies, Creating Profitability Hurdles October 7, 2022 Brandon Ivey “Activity has been increasing," said LoanNEX's Eloise Schmitz...Read More
loanDepot’s Capital Markets Chief Continues to Sell Shares October 7, 2022 Paul Muolo Like most home lenders, loanDepot is in the throes of right-sizing its operations...Read More
A Freddie CRT Tender Offer With a Twist: Below-Par Bid October 7, 2022 Dennis Hollier In the past, Freddie has always included a premium to convince investors to cash in.Read More
Short Takes: 4,000 Mortgage Jobs Disappear / Brokers Hiring? / LO to Broker? / loanDepot Trims Funding Lines / A New CTO for Xome October 7, 2022 Paul Muolo It appears that loan brokerage firms added jobs...Read More
Agency MBS Issuance Took It On the Chin in 3Q22 October 6, 2022 John Bancroft Rocket and UWM ranked first and second, respectively, in terms of MBS issuance through the first nine months of 2022.Read More
loanDepot Sharpens the Cost-Cutting Knife, Eliminates 401(k) Matches October 6, 2022 Paul Muolo Cutting the 401(k) match will not be good for morale, one former loanDepot manager warned... Read More
Many Florida Properties in New Expanded-Credit MBS from Verus October 6, 2022 Brandon Ivey Nearly 16% of the properties in the EC MBS are in Florida...Read More
Non-QM REIT Lines Up New Borrowing Authority October 6, 2022 Paul Muolo The interest rate spread is 350 basis points over the one-month SOFR...Read More
Short Takes: A Rate Decline / loanDepot’s Digital HELOC / Working at Home? / Takeover Bait? / Ginnie MSRs Available October 6, 2022 Paul Muolo One investment banker described loanDepot as "takeover bait"...Read More
RSS