Refis Down 7.4% in 4Q, Purchase Lending Down Even More March 3, 2022 John Bancroft The top three purchase-money lenders in 2021: PennyMac Financial Services, UWM and Wells Fargo...Read More
A $1.3 Billion Loss for Blackstone-Financed FoA March 3, 2022 Paul Muolo Grubstaked by The Blackstone Group, FoA became a public company at $10.00 a share...Read More
As Regulators Focus on Nonbanks, A Turf War May Emerge March 3, 2022 Brandon Ivey On the horizon: a possible regulatory turf war...Read More
‘One Company, One Exam’ Pilot Faces Challenges March 2, 2022 Rocket, the nation’s largest residential lender, received a 15-month moratorium on state exams in exchange for participating in the program.Read More
JPMorgan Unveils Details on 5-Year Plan to Bolster Minority Homeownership March 2, 2022 Monica Hogan JPM, which ranks fifth among all residential originators, will give “philanthropic" capital over three years to help five organizations scale their efforts...Read More
The Tea Leaves: Issuance of GSE MBS Falls to 23-Month Low March 1, 2022 John Bancroft The GSEs issued “only” $137.8 billion of single-family mortgage securities in February, down 23% from January...Read More
Earnings and GOS Decline at UWM, Share Price Gets Smacked March 1, 2022 Brandon Ivey UWM recognized a $139.0 million decline in fair value of its MSRs. At year-end, the company's portfolio had a weighted-average coupon of 2.94%.Read More
An Earnings Slide for Rocket but Company Declares Special Dividend February 25, 2022 Paul Muolo To date, Rocket has repurchased 20.7 million shares at an average price of $15.08 a unit...Read More
Securitization Rates Adjust Downward in 2021 February 25, 2022 John Bancroft Agency MBS issuance was up again in 2021 but modestly...Read More
FHFA Unveils New Eligibility Standards: 9% Capital for Nonbanks February 24, 2022 Dennis Hollier The new language recognizes the different risk profiles of GSE and Ginnie Mae servicing rights...Read More
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