Applications Skid 11% but Some Shops Beat the Odds May 18, 2022 It was the first negative reading from the trade group in three weeks.Read More
Downgrades for loanDepot on Warehouse Deals May 17, 2022 Brandon Ivey Moody's had raised concerns about the concentration of “wet loans” in the securitizations...Read More
CFPB Expanding its Reach Among Nonbank Entities May 17, 2022 Sam Manas The CFPB plans to review nonbanks for potentially unfair, deceptive or abusive acts or practices...Read More
Not Immune to an Origination Correction: the Jumbo Market May 13, 2022 Brandon Ivey An estimated $131.0 billion of jumbos were originated during the period after three quarters of elevated production.Read More
Bye Bye Bitcoin. Fannie Scotches Use of Cryptocurrencies May 13, 2022 Dennis Hollier The ban on cryptocurrencies isn’t just on the borrower side of the transaction...Read More
Lower Earnings at Home Point as MSR Sales Buffer the Pain May 12, 2022 Paul Muolo Home Point's gain-on-sale margin came in at 61 basis points, a slight improvement over the October-December period...Read More
Is loanDepot in Play? No Strategic Review Underway May 11, 2022 Paul Muolo and Brandon Ivey In trading Wednesday, loanDepot's shares were up slightly on the day after falling to a new 52-week low of $2.00 a unit on Tuesday.Read More
Consumer Complaints Surge in the First Quarter of 2022 May 11, 2022 Sam Manas Year-over-year, overall consumer gripes were up 39.7%, but mortgages...Read More
A 1Q Earnings Gain for Rocket. Reason: (You Guessed It) MSR Mark Ups May 11, 2022 Paul Muolo Rocket's MSRs accounted for 25.4% of its asset base at March 31 compared to 16.4% at yearend.Read More
FHFA Has Plenty to Ponder on Eligibility Proposal May 11, 2022 Dennis Hollier SFA raised concerns about how the appropriate net worth, capital and liquidity requirements for seller/servicers are calculated.Read More
RSS