The Key, Perhaps, to an FHA Premium Cut: The FCRA August 10, 2022 Monica Hogan FHA Commissioner Julia Gordon said, “Read the Federal Credit Reform Act.”Read More
Nonbanks Turn to Home-Equity Products, Other Alternatives August 10, 2022 Brandon Ivey Raymond James' MGD John Toohig said he received more calls about home-equity lines of credit in July than he had in his entire career.Read More
Short Takes: Better Troubles? / The SoftBank Question / A $750 Million Loan / Dumping SoFi Shares / #34 and Slipping August 10, 2022 Paul Muolo A large loan to Better.com from SoftBank is something to keep an eye on...Read More
Lower Profits for Nation's #3 Originator, UWM. MSRs Bolster Weaker Originations August 9, 2022 Brandon Ivey UWM's gain-on-sale margin totaled 99 basis points in the second quarter. Management estimates a GOS of 30 bps to 60 bps in 3Q22...Read More
HUD Explores Expanding CDFI Access to Ginnie Mae August 9, 2022 Monica Hogan The task force is looking at administrative actions it can take to boost CDFI participation in the Ginnie Mae program...Read More
Volatility in Expanded-Credit Market Shakes Up MBS Contributors August 8, 2022 Brandon Ivey Among the top five contributors to expanded-credit MBS in 2021, only two cracked the top five in 2Q22...Read More
A Huge 2Q Revenue Drop for Rocket as Declining Refis Take Their Toll August 5, 2022 Paul Muolo The results, released after the closing bell Thursday, also revealed a respectable 2Q22 gain-on-sale margin of 292 basis points...Read More
Short Takes: Plenty of Jobs, Just Not Mortgage Jobs / Other Opportunities / The Guild GOS Story / MSRs for Sale / More Expansion for Falcon August 5, 2022 Paul Muolo The rate reprieve isn’t enough to eliminate the staff reductions that are now going on at most shops.Read More
Ocwen’s Income Declines in Second Quarter August 4, 2022 Brandon Ivey Income from MSR markups declined and origination units took losses in the second quarter.Read More
Mortgage Earnings Decline by 39% at Publicly Traded Banks August 3, 2022 Brandon Ivey Declining originations and margin cut into mortgage-related earnings at 24 key lenders.Read More
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