Bonds No Longer a Safe Haven? 10-Year Treasury Tops 3.33% June 13, 2022 Paul Muolo Veteran loan broker Marc Savitt: “The higher rates go, more people won’t qualify or will hold off until things slow down.”Read More
A Buyer’s Market for Mortgage Companies? June 13, 2022 Paul Muolo The other mortgage firm confirming its interest in buying other shops is CrossCountry Mortgage...Read More
Angel Oak Ends Lull in Non-QM MBS Issuance June 10, 2022 Brandon Ivey The MBS is stocked with loans originated before the runup in interest rates.Read More
UWM Settles Overtime Pay Lawsuit to Focus on Business June 10, 2022 Monica Hogan The settlement won’t prompt any changes to UWM’s policies or practices...Read More
Ouch: A 41% Drop in Conforming Jumbos June 9, 2022 John Bancroft The conforming-jumbo share of agency business fell from 7.5% in December to 6.7% in January as the new loan limits took effect...Read More
Wells Fargo and Mortgages, The Love Affair Is Over June 9, 2022 Brandon Ivey CEO Scharf said GSE underwriting guidelines put Wells in a “difficult" position...Read More
Rocket Chief Steps Up to the Plate, Buying Shares June 9, 2022 Paul Muolo When a CEO buys shares in his own company, it's a bullish sign...Read More
Better.com, Garg in Hot Water Once Again June 8, 2022 Paul Muolo A five-plus year veteran of Better.com, Pierce was fired by Better in February of this year.Read More
Velocity Preps Non-Agency MBS, Ending a Lull in Market Activity June 8, 2022 Brandon Ivey The $315.2 million MBS includes a mix of commercial RE and residential investment properties.Read More
Saving the Day in 1Q22: MSR Markups June 8, 2022 Brandon Ivey Overall, the 21 shops reported a loss of $1.27 billion from mortgage production activities in 1Q22...Read More
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