New Top Lender (GR) Emerges in Prime Non-Agency MBS in 1Q21 April 26, 2021 Brandon Ivey United Wholesale Mortgage ceded the top spot after it stopped originating jumbos in March 2020 due to volatility from the coronavirus. Read More
NYCB Moves to Swallow a Big Mortgage Fish: Flagstar April 26, 2021 Paul Muolo Interestingly, NYCB, which reduced its presence in home lending long ago, will now be a major player once again.Read More
Short Takes: Shifting to a Purchase Market / FHA Small-Dollar Mortgage Bill Moving Through Congress / Mixed Forbearance Numbers / New Non-Agency Mortgage Conduit April 23, 2021 Brandon Ivey A rise in purchase-mortgage lending this year won't offset deflated refi volume ...Read More
Plush with Stunning Profits, Mortgage Firms Boost Donations April 23, 2021 Lisa Burden Lenders both large and small are giving back to their communities. Credit the refi boom of 2020?Read More
Mortgage IPO Window Closed? Not for Tech Disruptors... April 23, 2021 Paul Muolo For now, Blend's IPO documents are confidential. But eventually its financials will hit the street. Read More
Calabria Acknowledges ‘Pinch’ on NOO/Second-Home Market Caused by Reg Change April 22, 2021 Dennis Hollier FHFA chief Mark Calabria: “The reality is that, in the short run, there will be a pinch on the market, if you will."Read More
Agency MI Market Retrenches in 1Q but Remains Robust Overall April 22, 2021 John Bancroft Sales of purchase loans with private MI coverage fell 21.7%, while Ginnie recorded somewhat more modest declines in FHA (16.0%) and VA (18.0%) volume. Read More
Ocwen Will Pay a ‘Modest’ Premium for Texas Capital’s MSRs April 22, 2021 Paul Muolo For Ocwen, the acquisitions represent a chance to grow its lending business and bolster its MSR portfolio. Read More
Critics Rehash (and Trash) Utility Model for Fannie and Freddie April 21, 2021 Dennis Hollier One big rah-rah fan of the GSE utility model is the National Association of Realtors... Read More
Happy Days are Here Again: Rates Fall, Applications Rise April 21, 2021 Paul Muolo The tide has turned on new loan applications, at least for now...Read More