Better Times for Lenders? Hopefully, Later in the Year February 1, 2023 Brandon Ivey Mortgage executive Chrissi Rhea: "I’m looking forward to 2023 because it can’t be as bad as 2022."Read More
Fix-and-Flip Players Turn to Fix-and-Rent February 1, 2023 Brandon Ivey Entry-level buyers are the largest share of purchasers for flipped homes...Read More
NYCB Unveils Massive Mortgage Restructuring Plan, Will Reduce Coverage by Almost 70% January 31, 2023 Paul Muolo In the fourth quarter, NYCB earned $172 million compared to $152 million in 3Q22...Read More
Short Takes: Staying In TPO / An Old M&A Deal That Fell Apart / Rocket and HELOCs / The HPI Goes Negative / Impac Must Pay Up January 31, 2023 Paul Muolo and Brandon Ivey Trouble ahead? The Federal Housing Finance Agency’s home price index went negative (though barely) in November...Read More
Signs of Residential Finance Reaching a Bottom? January 27, 2023 Paul Muolo While 58 cents on the dollar is hardly a ringing endorsement, mortgage shops will take any improvement they can get.Read More
The Final Origination Tally for 2022: $2.2 Trillion, Off 50.1% January 26, 2023 John Bancroft Speaking of unicorns, there was just one lender in the rankings that showed a sequential production gain from 3Q22 to 4Q22.Read More
Short Takes: The $85 Billion Question / Outbid by a DMF / The Holy Grail of Mortgage Products? / Will It Help? / Layoffs at Rocket January 26, 2023 Paul Muolo But will Better's new offering help the lender beat the competition in a tough market?Read More
Originations Fall at U.S. Bank but an Increase in MB Revenue January 25, 2023 Paul Muolo USB’s servicing portfolio grew to $243.6 billion at yearend...Read More
Fewer Originations Last Year, But Fewer Consumer Gripes Too January 24, 2023 Sam Manas Gripes about residential loan applications totaled 4,151 in 2022, down 30% from the year prior...Read More
Freedom Financial Ready to Market Another HELOC Securitization January 24, 2023 Brandon Ivey Freedom Financial issued a similar HELOC deal in November.Read More
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