Mortgage Jobs Dip in New Government Tally May 6, 2022 Paul Muolo While most industries are dying for workers, mortgage lenders have the opposite problem...Read More
PennyMac Bolsters 1Q22 Income With MSR Markups May 6, 2022 Brandon Ivey Unlike some shops, Penny actively hedges its MSRs, which can actually reduce the size of the markup when rates rise rapidly.Read More
A Pay Package of Almost $31 Million for loanDepot Chief Hsieh May 5, 2022 Paul Muolo The compensation package could raise eyebrows given that loanDepot’s share price fell to $2.83 Thursday morning.Read More
Two Lenders (REITs Both) Find Safe Harbor in the Earnings Storm May 5, 2022 Brandon Ivey NRZ's Michael Nierenberg didn't whitewash it: “We are in a horrible market for mortgage originations.”Read More
Another Fannie Mae Executive Departs: Jenney Shen, VP of Single-Family May 4, 2022 Paul Muolo At Fannie, Shen was responsible for relationships with the mortgage giant’s 1,500 seller/servicers.Read More
Jumbo Denial Rates Fell to 11% Last Year May 4, 2022 Brandon Ivey Wells Fargo received the highest number of applications for jumbos and had an overall jumbo denial rate of 14.3%.Read More
Mortgage-Investing REIT MFA Takes $83M Loss in 1Q as Collateral Value Drops May 4, 2022 Brandon Ivey MFA was holding whole loans with an average unpaid principal balance of $8.3 billion at the end of March.Read More
Angel Oak, Annaly Offer a Mix of Loans in Latest MBS May 3, 2022 Brandon Ivey The MBS contain mortgages from a variety of lenders, including newer production and loans originated more than two years ago.Read More
A Particularly Brutal Production Quarter for Fintech Better.com May 2, 2022 Paul Muolo Given steeply higher rates and much narrower lending profits the past six months, Better’s journey to the NYSE has been anything but smooth.Read More
The FHA Lender Penalty Tally for FY21: A Mere $11 Million May 2, 2022 The take-away compared to years past: FHA lenders appear to be behaving themselves...Read More
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