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
Redwood to Acquire Bridge-Loan Originator; Profit Declines in 1Q April 29, 2022 Brandon Ivey Riverbend Funding originated more than $1.0 billion of bridge loans over the past 12 months...Read More
Blow-out Earnings for Mr. Cooper. Reason: Huge MSR Gains April 29, 2022 Paul Muolo And let us now praise MSRs...Read More
Mortgage Originations Take a Beating in Early 2022 April 28, 2022 John Bancroft Among the top 10 funders, the declines were mostly brutal, ranging from a low of -21.1% to a high of -37.2%.Read More
A Nice First Quarter Profit for Ocwen, Thanks to MSRs April 28, 2022 Brandon Ivey Despite the good news on MSR valuations, Ocwen is getting squeezed on originations, just like every other mortgage banker.Read More
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