Originations and Nonperforming Loans Increase at Velocity Financial March 17, 2021 Brandon Ivey Mark Szczepaniak: "The uptick in nonperforming loans hasn’t been that troubling to us because historically we have always made money on these nonperforming loans and we continued to do that straight through 2020."Read More
Freddie Names Interim CEO: Mark Grier March 16, 2021 Dennis Hollier Grier will remain as a director, though he’ll abstain from committee work. He’ll also receive the standard CEO base salary of $600,000...Read More
Ginnie Mae MBS Issuance Finally Takes a Breather March 15, 2021 John Bancroft Fun fact: February has the fewest number of business days in the year and typically represents the low spot in seasonal housing activity. Read More
A Hefty Profit for Mr. Cooper on Sale of Title Business March 15, 2021 Paul Muolo Blend Labs, the digital automated underwriting platform, is diving head first into the title business...Read More
Provident, Morgan Stanley Prep Prime Non-Agency MBS March 15, 2021 Brandon Ivey Provident is stocking its MBS with conforming jumbos. Morgan is aggregating product through various lenders.Read More
It’s LO Bonus Time — And Recruitment Season As Well March 14, 2021 Paul Muolo A slowdown in LO hiring? Don't bet on it...Read More
Expanded-Credit Lending Sees Recovery in 4Q20 March 14, 2021 Brandon Ivey For the full year, expanded-credit lending was off 28.7% to an estimated $37.3 billion. The reason: Liquidity problems sparked by the pandemic.Read More
A Stunner: Nonbank Share of Top-100 Nears 72% March 12, 2021 John Bancroft Mortgage analysts have the right to ask: Where have all the depositories gone?Read More
A New Wrinkle in the CRT Market: Warehouse Credit March 12, 2021 Paul Muolo The notes acquired by institutional investors carry a maturity of three years. Read More
A Loss for Impac in 4Q, but Originations Jump. CEO Hopeful March 12, 2021 Brandon Ivey Impac's production nearly doubled on a sequential basis in the fourth quarter but margins compressed.Read More