Banks and MBS? The Love Affair Continues February 18, 2022 John Bancroft Banks and thrifts generated $51.76 billion in interest income from MBS investment last year.Read More
Southeast-Based Nonbank Selling GSE MSRs February 18, 2022 Paul Muolo The three states leading in the collateral count: North Carolina, Texas and California. Bids are due Feb. 24.Read More
Short Takes: Better.com’s New Hire / Check the Tape / Insider Buying is Good, Right? / CDFI Issues Second Non-QM Deal / A (Presidents) Day Off February 18, 2022 Paul Muolo and Brandon Ivey Piper Sandler on loanDepot: "In our view, the stock is pricing-in a very long downturn in the mortgage market"... Read More
Retail Continues its Channel Domination February 17, 2022 John Bancroft For the full year, the wholesale channel accounted for 15.0% of originations, correspondent 21.6%...Read More
A Big Surprise? Deliveries Above the 2021 Baseline Loan Limit Spike in January February 17, 2022 Based on trends from prior years, roughly $25.0 billion of mortgages above the 2021 conforming loan limit would have been expected to be delivered to Fannie and Freddie in January...Read More
Another Day, Another MSR Offering… February 17, 2022 Paul Muolo Roughly 85% of the loans are 30-year FRMs...Read More
Better.com's C-Suite Post Merger? February 17, 2022 At one point, Selitto was Better's president, a title now held on an interim basis by CFO Kevin Ryan.Read More
Secondary Market Deliveries Earn a Reprieve in January February 16, 2022 Dennis Hollier The year-over-year drop in production was almost across the board, with nearly 80% of the top 100 sellers showing declines in January...Read More
Tough Times On the Application Front. Hope for March? February 16, 2022 Paul Muolo As one veteran manager characterized it: “It is what it is.”Read More
CFPB Study Suggests Mortgage Bankers Have a Diversity Problem February 16, 2022 Sam Manas Mortgage banking firms were the largest part of the sample with 104 institutions.Read More
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