A Bright Spot Appears: The HECM Niche September 6, 2022 Refinances accounted for more than half the volume...Read More
Conventional FRMs Headed to 6% and Then Some? September 6, 2022 Paul Muolo BTIG: "Investors appear to be still feeling their way around the accelerated wind-down of the Fed's balance sheet"...Read More
Another Month, Another Reduction in Mortgage Jobs. Home Point Trims Staff… September 2, 2022 Paul Muolo For the cycle, mortgage banking employment peaked in June 2021 at 297,600 positions...Read More
Expanded-Credit Lending Holds Up in Tough 2Q22 September 2, 2022 Brandon Ivey Top-ranked Citibank nearly doubled its expanded-credit production from the first to second quarter...Read More
Measuring Nonbank Health by Stock and Debt September 2, 2022 Paul Muolo Of the six companies new to the public market, two are trading under $2.00 a share, two others are trading under $4.00...Read More
Rocket CEO Farner Keeps Buying Shares September 1, 2022 Paul Muolo Farner directly owns 3.87 million shares of Rocket’s common...Read More
FHFA Sets Comprehensive Review of FHLB System. A Key Issue: Membership September 1, 2022 Sam Manas Bottom line: nonbanks would love to be members of the system...Read More
Signs of Improvement in Non-QM Pricing? Sort Of... August 31, 2022 Paul Muolo Some shops are reporting an improvement of sorts, but no one’s popping champagne.Read More
Production and Servicing Profits Take a Hit in 2Q August 31, 2022 Namrata Bhatia The reason for the weak quarter: plunging originations and stiff competition...Read More
Fannie Gets Ready to ‘Calibrate’ Its Seller/Servicers August 31, 2022 Paul Muolo Some industry vendors, such as Xactus, are trying to drum up business based on the policy change.Read More
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