MSR Fair Value Changes Prompt Loss for Ocwen February 27, 2024 Brandon Ivey Disregarding changes in MSR values, Ocwen's servicing business was profitable in 2023 while the nonbank's origination business broke even.Read More
First-Time Homebuyer Share Increases in Agency Market February 26, 2024 John Bancroft The agencies securitized a combined $439.25 billion of first-time buyer loans in 2023, which represented 52.8% of agency purchase-loan business.Read More
Bank CRT Activity Expected to Increase February 26, 2024 Brandon Ivey To this point, the deals have been more frequent in Europe than in the U.S.Read More
Rocket Reports Losses for 4Q, 2023 February 23, 2024 James Dohnert Rocket Companies reported a net income loss of $232.6 million in the fourth quarter of 2023.Read More
Short Takes: Rithm Markets Non-QM MBS / Fannie Mae Hires COO / CrossCountry Launches CashPlus / Interest Rates Projected to Fall Below 6% This Year February 23, 2024 James Dohnert Fannie's new operations head comes from Morgan Stanley...Read More
Former Sprout Mortgage CEO Accused of Money Laundering February 22, 2024 Paul Muolo Michael Strauss is accused of funneling roughly $27 million out of the company before its demise in the summer of 2023.Read More
Fix-and-Flip Industry Expects an Increase in Originations in 2024 February 22, 2024 James Dohnert Fix-and-Flip lender Kiavi says it has already seen a boost in its pipeline in the first six weeks of the year.Read More
Jumbo Market Share Shrinks in 4Q February 21, 2024 James Dohnert The jumbo market’s share of first-lien production narrowed in the fourth quarter of last year.Read More
With the Spring Homebuying Season Almost Here, Applications Suffer February 21, 2024 Paul Muolo One warehouse manager noted, "We see few opportunities, but for the most part everyone has plenty of capacity.”Read More
Short Takes: dv01, Fitch Team for New Non-Agency RMBS Benchmarks / Premier Lending Adopts FICO Score 10 T / LoanCare Launches App / Habitat for Humanity’s CDFI Gets a Name Change February 21, 2024 James Dohnert The new partnership's benchmarks focus on the non-QM and prime-jumbo markets.Read More
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