Fannie Increases Profits Despite Decline in Acquisitions April 30, 2024 Dennis Hollier Acquisitions may be the lowest they've been since the 3Q20, but accounting rules keep earnings on an even keel.Read More
Annaly Leads Expanded-Credit MBS Issuers in First Quarter April 30, 2024 James Dohnert Onslow Bay issued $2.52 billion of expanded-credit MBS in the first quarter, more than triple its issuance in the prior quarter.Read More
Originations, MSR Marks Up at Rithm in First Quarter April 30, 2024 Paul Muolo At the end of March, the REIT valued its MSRs at 165 bps, the highest “mark” since the first quarter of last year...Read More
Short Takes: Home Prices Rebound in February / Private-Equity Infusion for Blend / Profit at Two Harbors / Homeownership Unattainable April 30, 2024 Brandon Ivey Home prices jumped in February after a slight decline the previous month.Read More
Mortgages Helped Bring Down Failed PA Bank April 29, 2024 Brandon Ivey At one point, Republic First’s mortgage unit focused on offering jumbo mortgages at below-market interest rates.Read More
Originations Steady in First Quarter, UWM on Top April 26, 2024 Brandon Ivey First-lien mortgage originations remained in a trough in the first quarter of 2024.Read More
Rising Costs Prompt Large Losses for Lenders in 2023 April 26, 2024 Brandon Ivey Only 36% of the lenders participating in the MBA’s report turned a profit in 2023, down from a 53% share of participants in 2022.Read More
Short Takes: Slight Increase in Pending Home Sales / Non-QM Performance Improves / Wells Expands Downpayment Grant Offering / Negative Outlook for Community Loan Servicing April 26, 2024 Brandon Ivey Elevated interest rates and limited housing inventory led to a tepid increase in pending home sales in March.Read More
Lending Declines at PennyMac in First Quarter April 25, 2024 Brandon Ivey The nonbank also saw low servicing-related income due to a large loss tied to hedging.Read More
Few Major Lenders Managed to Increase Production in 2023 April 25, 2024 Brandon Ivey Originations dropped to varying degrees during the year at all of the top 10 lenders.Read More
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