Publicly Traded Nonbanks Endure Another Harsh Earnings Cycle November 22, 2022 John Bancroft With interest rates steadily rising, MSR appreciation helped buoy results in the third quarter.Read More
NMLS Renewals Stumble Early On, But Then Recover November 22, 2022 Sam Manas Some advance change notices didn’t take effect...Read More
A Study Low: Mortgage Bankers Lost $624 Per Loan in 3Q22 November 21, 2022 Paul Muolo “With prepayments and delinquencies low, mortgage servicing has been the difference for many companies between profitable or not,” said Marina Walsh...Read More
Maybe It’s Time to Buy Retail (Branches)? November 21, 2022 Paul Muolo The key question: What are retail branches actually worth in today's market?Read More
A Steeper Production Loss in 3Q22: $624 Per Unit November 21, 2022 Paul Muolo Mortgage professionals hope the third quarter was the nadir...Read More
UWM Extends Rate Buydowns, Offering Temporary Discounts of Up to 300 BPs November 16, 2022 Paul Muolo There are different variations on the rate discount...Read More
Short Takes: Some Turbulence for Rocket / About Those Dividends… / UWM’s Streak Will Continue / New Applications / LD Cancels JVB Line November 16, 2022 Paul Muolo UWM's CEO said he will keep paying a dividend on the common...Read More
A Loss for Better.com’s Merger Partner, ‘Going Concern’ Issue Raised November 15, 2022 Paul Muolo Better’s founder and CEO Vishal Garg isn’t mentioned in the 10-Q except for some references in the footnotes.Read More
Velocity Shifting to Defensive Posture; Records Strong 3Q November 15, 2022 Namrata Bhatia Velocity, like other non-agency originators, is starting to tighten underwriting standards...Read More
loanDepot’s Debt Price Nears the 50 Cents Threshold November 14, 2022 Paul Muolo Deeply discounted debt is not a good sign...Read More
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