loanDepot’s Stock Crushed After 1Q Loss, Production Outlook Weak May 10, 2022 Brandon Ivey loanDepot's originations and servicing segments suffered in the first quarter amid rising interest rates.Read More
UWM Taps the MSR Markup ‘Well’ and Reports a Strong Profit for 1Q May 10, 2022 Paul Muolo UWM anticipates second quarter production of $26.0 billion to $33.0 billion and a GOS of 75 to 99 bps.Read More
As Volumes Drop, Some Mortgage CEOs Take Home Less Pay May 10, 2022 Paul Muolo During the first quarter, Fairway transferred roughly $5.8 billion of mortgage servicing rights to new owners...Read More
Former Freddie CEO Suggests Some Price Gouging was Occurring During the Pandemic May 10, 2022 Dennis Hollier In a recent blog posting, the former Freddie chief used MBA profitability data to make his argument...Read More
As Deliveries Decline, GSE Seller/Servicers Loosen the Credit Box May 9, 2022 Dennis Hollier All of the top 10 GSE sellers saw their deliveries decline both sequentially and year to date.Read More
Mining for Mortgages in the Metaverse: Foolishness or Something Else? May 9, 2022 Sam Manas Rocket Mortgage, the nation’s top originator, has information about digital real estate on its website but...Read More
The Tea Leaves: April MBS Issuance Continues the Downward Trend May 6, 2022 John Bancroft April MBS issuance volume, which reflects originations, was the lowest monthly output since March 2020, just before the Fed launched a historic surge in refi activity.Read More
The Mortgage M&A Wheel Begins to Turn May 6, 2022 Paul Muolo and Brandon Ivey What are conventional and government production networks worth these days? Probably not much...Read More
Mortgage Jobs Dip in New Government Tally May 6, 2022 Paul Muolo While most industries are dying for workers, mortgage lenders have the opposite problem...Read More
PennyMac Bolsters 1Q22 Income With MSR Markups May 6, 2022 Brandon Ivey Unlike some shops, Penny actively hedges its MSRs, which can actually reduce the size of the markup when rates rise rapidly.Read More