Servicing Saves the Day at PennyMac, Originations Off by Just 11.6% February 3, 2023 Paul Muolo PennyMac booked $82.6 million of gains on the portfolio in 4Q22 but most of that was offset by hedging losses. Read More
MBA Chief Broeksmit: LLPA Grids are Complicated, Complex February 3, 2023 Dennis Hollier The new pricing grids from FHFA boast 216 "cells"...Read More
AmeriSave and Its Former Employees Head to Arbitration February 3, 2023 Sam Manas The laid-off workers filed their lawsuit in November...Read More
Ginnie SVP Has a Sympathetic Ear for Struggling Nonbanks February 2, 2023 Brandon Ivey The Ginnie SVP said the agency has "lots of love" for IMBs...Read More
More Banks Expected to Pull the Mortgage Plug February 2, 2023 Paul Muolo Rest assured, additional restructuring moves and departures are in the works.Read More
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
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