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
Home Point Bolsters Weak 4Q Earnings With MSR Sales; Revenue and GOS Hit February 24, 2022 Paul Muolo The nonbank sold $13.1 billion of Ginnie Mae MSRs into a red hot servicing market...Read More
New Applications Falter. Time to Manage Expenses? February 23, 2022 Paul Muolo Some lenders are hoping for a boost from the spring home buying season...Read More
FHA/VA Lending Strong in 2021 But 4Q Suffered a Drop February 23, 2022 Monica Hogan The top three ranked VA lenders in 2021: Freedom Mortgage, Rocket and Veterans United Home Loans...Read More
Jumbo Originations Flatten Out but Up Sharply for Full Year February 22, 2022 Brandon Ivey The top jumbo originator in 2021? That would be Chase, with Wells Fargo a close second...Read More
OCC’s Hsu Says CRA Changes Coming Soon February 22, 2022 Sam Manas CRA trouble ahead? OCC chief Hsu: “Home mortgage lending is dominated by a few banks and nonbank institutions lending nationwide"...Read More
Credit Suisse Taps Athas Capital for Non-QM MBS February 18, 2022 Brandon Ivey Athas was founded in 2008 and originated $1.2 billion of loans last year.Read More
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