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
Short Takes: A Tough Quarter for KB? / It’s All Relative / GOS Improvement, Maybe / More Cutbacks at Blend / Sachem’s CIO Departs January 12, 2023 Paul Muolo Sachem's CIO has resigned to pursue retirement and other opportunities...Read More
Wells Exits Correspondent Lending, Will Shrink Servicing Portfolio January 11, 2023 Brandon Ivey For decades, Wells has capitalized on the cross-selling opportunities inherent in mortgage lending...Read More
Some Positive News For Non-QMs: Money Managers Need Yield January 11, 2023 Paul Muolo Acra ranks 11th among expanded-credit originators...Read More
Short Takes: A Big (Wells) Surprise? Not Really… / The GSE Role / Who’s Next? / Rate Buydown Ramifications / Some Job Cuts at Rocket January 11, 2023 Paul Muolo and Brandon Ivey The downside to mortgage rate buydowns...Read More
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