What’s Left of FoA Profitable in First Quarter May 9, 2023 Brandon Ivey Finance of America Companies has been selling off various units to focus on reverse mortgages.Read More
Some Concerns as FHA Considers Adjustments for Flood Insurance May 9, 2023 Monica Hogan The proposed change could impact about 10,500 properties within 100-year flood plains each year.Read More
Short Takes: Housing Confidence Improving / Not Much to Buy / Banks Tighten Up / MSRs for Sale May 9, 2023 Brandon Ivey and Paul Muolo Survey says: An increased number of respondents think mortgage rates will go down over the next year...Read More
Short Takes: Another Bank Leaves Mortgages / A Departure From TPO / Looking for a Retail Shop / loanDepot’s MSR Transfers May 8, 2023 Paul Muolo In 2022, loanDepot was the fifth largest seller of bulk mortgage servicing rights as measured by agency servicing transfers...Read More
Rocket Takes Another Loss in First Quarter May 5, 2023 Brandon Ivey Margins improved while originations declined.Read More
Lack of Clarity on Debt Ceiling a Concern for Lenders May 5, 2023 Monica Hogan The longer it takes Congress to react after a debt default, the bigger the impact will be, according to Cristian deRitis, deputy chief economist at Moody’s Analytics.Read More
Western Alliance, PacWest Under Renewed Pressure May 4, 2023 Brandon Ivey The banks had weathered volatility in March and April.Read More
Rithm’s Income Declines Somewhat in First Quarter May 4, 2023 Brandon Ivey Servicing drove earnings while lending generated a loss.Read More
Short Takes: Rate Locks Slow / TD Bank-First Horizon Merger Off / Black Knight’s Margin / Annaly Stocks GSE IPLs in Non-Agency MBS May 4, 2023 Brandon Ivey Locks for both purchase mortgages and refinances declined.Read More
Freddie Earnings Remain Stable in First Quarter May 3, 2023 Dennis Hollier Freddie's profitability remains a tale of loan loss reserves, with net income rising and falling according to the size of the provision for losses.Read More
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