Mortgage Earnings Decline by 39% at Publicly Traded Banks August 3, 2022 Brandon Ivey Declining originations and margin cut into mortgage-related earnings at 24 key lenders.Read More
PennyMac’s Income Dips in 2Q, Servicing Still Key August 3, 2022 Brandon Ivey The bulk of PennyMac's income in the second quarter of 2022 was tied to servicing.Read More
Rithm’s Break From Fortress Prompts Loss in Second Quarter August 2, 2022 Brandon Ivey The REIT paid a $325 million fee to an affiliate of Fortress Investment Group to shift to internal management.Read More
Short Takes: Rocket Launches HEL; Flagstar Merger Update; Financing Energy Efficiency August 1, 2022 Brandon Ivey Rocket's new home-equity loan; NYCB waiting for regulatory approval on Flagstar merger; homeowners looking for financing for energy efficiency improvements.Read More
Servicing Props Up Mr. Cooper’s Earnings in Second Quarter July 27, 2022 Brandon Ivey Net income at Mr. Cooper Group declined by 77.1% on a sequential basis to $151 billion in the second quarter.Read More
Western Alliance Bank’s Lending Holds Up in Second Quarter July 25, 2022 Brandon Ivey Originations at the bank were essentially flat in the second quarter while margins dropped.Read More
Radian Launches Non-Agency Conduit July 25, 2022 Paul Muolo Radian joins Arch MI as mortgage insurance companies that now have non-agency conduit operations.Read More
Short Takes: Delinquencies Rise; FTHBs Look to ARMs; Loss for Agency MBS REIT July 25, 2022 Brandon Ivey After three months of declines, mortgages delinquencies increased in June.Read More
Surprise: Lone Star Stocks MBS with Loans Funded by Now-Defunct Sprout July 22, 2022 Brandon Ivey Lone Star made some adjustments to its typical MBS issuance practices to help protect investors from any fallout tied to Sprout.Read More
Still Alive: A CFPB Registration System for Nonbanks July 22, 2022 Sam Manas The CFPB has batted around the idea of a nonbank registration system for years...Read More
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