Agency MBS Volume Ebbs in October Despite Refi Bump November 5, 2021 John Bancroft Fannie was the only agency to boost volume last month as new issuance rose 2.1%.Read More
PennyMac Increases Income in 3Q as Originations Decline Slightly November 5, 2021 Brandon Ivey Much of the income was tied to PennyMac's originations through the consumer direct and brokers channels.Read More
Mortgage Bankers Swimming in the Debt Pool Once Again November 5, 2021 Paul Muolo As servicing assets increase in value, the industry might see more nonbanks use MSRs as collateral for debt deals...Read More
A Strong Profit for Rocket, Originations Up 5%. MSR Sales Too November 4, 2021 Paul Muolo Rocket ended the July-September period with $521.0 billion of mortgage servicing rights on its books, up 2.8% sequentially...Read More
A Sigh of Relief for Gain-on-Sale. However... November 4, 2021 Paul Muolo The reason loanDepot did so well: The company relies mostly on retail production where the profit margins are reliably fatter.Read More
A Strong Earnings Turnaround for Home Point as Firm Sells MSRs, Pays Dividend November 4, 2021 Paul Muolo The lender's gain-on-sale margin totaled 84 basis points compared to just 58 bps in the second quarter.Read More
Velocity Boosts Investment-Property Lending in Third Quarter November 4, 2021 Brandon Ivey Velocity's share price was up modestly Thursday, not too far from its 52-week high of $13.80...Read More
Pretium’s Purchase of Fix-n-Flip Lender Included a Huge Chunk of Whole Loans November 3, 2021 Paul Muolo Anchor was owned by Wafra Capital Partners...Read More
Underwriting Update: Freddie to Also Consider Rental Payment History November 3, 2021 Dennis Hollier The two mortgage giants have devised different strategies to make sure renters have a better chance of qualifying for a mortgage.Read More
NY to Apply CRA Requirements to Nonbank Residential Lenders November 2, 2021 Brandon Ivey The MBA warned that New York's new requirements for nonbank lenders are "unworkable."Read More
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