Originations Fall at U.S. Bank but an Increase in MB Revenue January 25, 2023 Paul Muolo USB’s servicing portfolio grew to $243.6 billion at yearend...Read More
Fewer Originations Last Year, But Fewer Consumer Gripes Too January 24, 2023 Sam Manas Gripes about residential loan applications totaled 4,151 in 2022, down 30% from the year prior...Read More
Freedom Financial Ready to Market Another HELOC Securitization January 24, 2023 Brandon Ivey Freedom Financial issued a similar HELOC deal in November.Read More
A Good Time to be ‘Underserved’ as Credits Top $8,000 January 23, 2023 Paul Muolo The Chicago-based GR said its program provides a “minimum" of $5,000 in downpayment and closing cost assistance...Read More
Santander to Issue Non-Agency Credit-Risk Transfer January 23, 2023 Brandon Ivey Santander stopped originating mortgages in the U.S. almost a year ago, then outsourced the function to Rocket...Read More
Tough (Mortgage) Sledding for the Megabanks in 4Q22 January 19, 2023 Paul Muolo Some of the sequential declines in originations were brutal...Read More
High Anxiety: Amid Fears of a U.S. Debt Default, Lower Rates, More Applications January 18, 2023 Paul Muolo Don't look now but mortgage rates continue to creep lower...Read More
A Decent 4Q22 for Jumbo Bellwether FRB January 17, 2023 Paul Muolo Compared to the megabanks, it might be said that FRB’s mortgage business has held up fairly well...Read More
Wells Reports 4Q Results, Residential Fundings Down Almost 70% Compared to a Year Ago January 13, 2023 Paul Muolo Overall, home lending earnings at Wells fell to $786 million in 4Q22, down 19.2% sequentially...Read More
Short Takes: Staying In the Game / JPM and BofA / Easy Money, Not Destined to Last / Footnote on Wells / FHA? / Publishing Break January 13, 2023 Paul Muolo and Brandon Ivey The residential finance sector is going through a cleansing of sorts that will result in a leaner, meaner industry...Read More
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