A Production Decline and Lower Mortgage Earnings for Truist January 18, 2022 Paul Muolo The weighted average coupon of Truist's MSR portfolio: 3.44%...Read More
FHFA Rejects GSEs’ DTS Plans, Wants Revisions January 18, 2022 Dennis Hollier Advocacy groups representing these underserved markets sharply criticized the plans, arguing the GSEs actually proposed reduced loan targets...Read More
JPMorgan Surpasses Wells in Residential Lending January 14, 2022 Paul Muolo Both banks reported lower gain-on-sale margins in 4Q21, a reflection of stiffer competition in the primary market. Read More
Guaranteed Rate Kisses Wholesale Goodbye January 13, 2022 Paul Muolo The last day a broker can close a loan with GR is Feb. 28.Read More
Mortgage M&A: Redfin in Deal to Buy West Coast-based BEHL January 12, 2022 Paul Muolo After the acquisition closes, Redfin Mortgage will reduce its headcount by roughly 121 positions.Read More
Earnings Season is About to Start. Hope for Mortgage Bankers? January 11, 2022 As Wedbush Securities notes in a new report, “We expect lower prepayment speeds should lead to positive marks on MSR values in the quarter.”Read More
UMortgage Adds Mortgage Brokerage Firm The Bally Team January 11, 2022 Monica Hogan Bally's resume includes stints at United Wholesale Mortgage, Quicken Loans and J&B Processing.Read More
A Record-Setting Year for Ginnie Mae MBS Issuance January 10, 2022 Brandon Ivey The top issuer for the year: Freedom Mortgage with a whopping $106.9 billion...Read More
Mortgage Pink Slips Begin to Proliferate. Non-QM Sector Insulated? January 10, 2022 Paul Muolo In recent interviews, mortgage executives, overall, have revealed mixed plans regarding hiring...Read More
Non-QM Pioneers Angel Oak and Acra See Strong Growth Ahead January 10, 2022 Paul Muolo Angel Oak just closed its ledger on 2021, winding up with originations of $3.9 billion.Read More
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