A (Relatively) Small Loss for UWM, Company Sees GOS Rising for 1Q23 March 1, 2023 Paul Muolo The fair value of UWM's MSR portfolio fell by $150.8 million during the fourth quarter.Read More
A Large 4Q22 Loss for Market Leader Rocket, Revenue Plunges 63% Sequentially March 1, 2023 Paul Muolo Rocket recorded fair value changes of $407 million on its mortgage servicing portfolio for the fourth quarter.Read More
CFPB Likely to Survive Supreme Court Challenge March 1, 2023 Brandon Ivey The CFPB's funding structure may be found to be unconstitutional, but that doesn't mean that the regulator will go away...Read More
A Slightly Faster Decline for Jumbo Lending March 1, 2023 Brandon Ivey Truist saw its jumbo volume plunge by 72.5% in the fourth quarter.Read More
A 4Q Loss for Ocwen, Company Seeks ‘Opportunities’ February 28, 2023 Paul Muolo Ocwen's origination segment recorded a pre-tax loss of $11 million in the fourth quarter...Read More
HUD Seeks Feedback on Loan Rehab Program February 28, 2023 Monica Hogan The standard 203(k) mortgage covers projects with a minimum repair cost of $5,000...Read More
Short Takes: The Channel Market Leaders / An Overwhelming Share for UWM / The Buggy Whip Business Analogy / Turning the Corner / A $2B GNMA Package February 24, 2023 Paul Muolo Phoenix Capital is out with another auction notice on mortgage servicing rights...Read More
Among the Three Channels, Retail Suffered the Most in 4Q22 February 23, 2023 John Bancroft Retail typically thrives in heavy refinance markets but that's not where we were in 4Q...Read More
FHFA Proposes Changes to GSE Capital Rule February 23, 2023 Dennis Hollier The new rule should please critics of the fee for commingled securities.Read More
Cerberus Affiliate Aggregates Seconds From Rocket, Spring EQ February 23, 2023 Brandon Ivey Up until now, FirstKey’s securitization activity has been focused on seasoned collateral.Read More
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