Compared to Last Year, Mortgage Employment Down by 7,000; Mr. Cooper the Latest to Cut Heads June 3, 2022 Paul Muolo Mr. Cooper foretold of layoffs in a recent SEC filing...Read More
MBS Issuance Lowest Since July 2019 June 3, 2022 John Bancroft An ominous sign: Agency issuance over the first five months of 2022 totaled $921.38 million, down 44.0% from the same period last year.Read More
Home Lenders Banking on Purchase Loans Face Supply Issues June 3, 2022 Sam Manas The problem: Housing inventories have crumbled compared to years past...Read More
The Final Tally: Refis Top Purchase Loans in 1Q but Not by Much June 2, 2022 John Bancroft The top three refi originators in 1Q22: Rocket Mortgage, Wells Fargo and United Wholesale Mortgage...Read More
Mr. Cooper Forecasts a Break-Even 2Q, Excluding MSR Marks… June 2, 2022 Paul Muolo The nonbank revealed it anticipates “roughly break-even net income” for the second quarter, excluding potential mark-to-market gains on its massive MSR holdings...Read More
Movement Mortgage Fined After NCRC Alleges Fair Lending Violation June 2, 2022 Monica Hogan Despite settling, Movement denies it gave less favorable treatment based on race or national origin...Read More
Short Takes: Better Late Than Never (Signature) / On the Menu / Time to Worry About the MMIF? Probably Not / Cutting Dead LO Wood June 2, 2022 Paul Muolo and Monica Hogan Time to review your LO roster and make some of them free agents?Read More
Fitch: Mortgage Origination Estimates Have Been Too Optimistic June 1, 2022 Brandon Ivey Fitch said current run-rates suggest that production volume this year could fall closer to $2.0 trillion...Read More
Slip Sliding Away: Mortgage Application Volume June 1, 2022 Paul Muolo The refi share in the latest measurement came to 32.3%...Read More
Large Nonbanks Dip Their Toes Into the HELOC Pool. More to Come? June 1, 2022 Brandon Ivey Among nonbanks offering HELOCs, NewRez is hardly alone...Read More
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