JPM Confirms Mortgage Layoffs, Hopes to Redeploy Workers February 9, 2023 Paul Muolo Chase is the nation’s third-largest retail home lender overall....Read More
Short Takes: A Tough Quarter for Mega REIT / Annaly Will Trim Dividend / Opportunistic / Better.com Update / NBA Owner Ishbia February 9, 2023 Paul Muolo The Suns new owner: mortgage banker Mat Ishbia...Read More
GSE Deliveries Suffer in January, Refis at 11-Year Low February 8, 2023 Dennis Hollier Overall, Fannie/Freddie MBS issuance in January was down 73.1% from a year ago.Read More
Rithm Leans on MSRs as Originations Dwindle, Sees 1Q23 as a Trough February 8, 2023 Brandon Ivey Income from the REIT's MSR portfolio helped to offset losses from originations...Read More
Retail Channel Suffered the Biggest Blow in 4Q22 February 7, 2023 Andras Malatinszky Mortgage brokers using table-funding fared slightly better with a 31.2% sequential decline...Read More
MFA Stocks MBS with Cash-Out Refi IPLs February 7, 2023 Brandon Ivey The DSCR loans have an average interest rate of 7.0%.Read More
Freddie QC Chief: Mortgage Defect Rates Remain Elevated February 6, 2023 Dennis Hollier The Fannie official began his presentation with the top 10 defects discovered by his QC team...Read More
Depositories Face the Music on Motgage Profits February 6, 2023 John Bancroft Note: Once upon a time, Wells regularly was the top bank in the business...Read More
Servicing Saves the Day at PennyMac, Originations Off by Just 11.6% February 3, 2023 Paul Muolo PennyMac booked $82.6 million of gains on the portfolio in 4Q22 but most of that was offset by hedging losses. Read More
MBA Chief Broeksmit: LLPA Grids are Complicated, Complex February 3, 2023 Dennis Hollier The new pricing grids from FHFA boast 216 "cells"...Read More
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