Chopra Mum on Potential Changes to the QM Rule November 9, 2021 Sam Manas When asked if he supported the new qualified mortgage rule, Chopra said, “I don’t know"...Read More
AmWest Funding Tops Expanded-Credit MBS Contributors in 3Q21 November 8, 2021 Brandon Ivey Among the major contributors to expanded-credit MBS, Sprout and HomeXpress Mortgage had the biggest jumps in securitized loans...Read More
Ocwen Turns a Profit in Third Quarter November 8, 2021 Brandon Ivey Ocwen's MSR investments are ahead of schedule...Read More
Mortgage Hiring Up Ever So Slightly This Fall. However… November 8, 2021 Paul Muolo Lenders and brokers continue to maintain their payrolls, but staff reductions could be on the horizon...Read More
Dems Extend G-Fee Surcharge to Pay for Infrastructure Bill November 8, 2021 Dennis Hollier The 10 bps g-fee strip inaugurated in 2011 to pay for a temporary tax cut is set to enter its second decade, despite expiring more than a month ago.Read More
Agency MBS Volume Ebbs in October Despite Refi Bump November 5, 2021 John Bancroft Fannie was the only agency to boost volume last month as new issuance rose 2.1%.Read More
PennyMac Increases Income in 3Q as Originations Decline Slightly November 5, 2021 Brandon Ivey Much of the income was tied to PennyMac's originations through the consumer direct and brokers channels.Read More
Mortgage Bankers Swimming in the Debt Pool Once Again November 5, 2021 Paul Muolo As servicing assets increase in value, the industry might see more nonbanks use MSRs as collateral for debt deals...Read More
A Strong Profit for Rocket, Originations Up 5%. MSR Sales Too November 4, 2021 Paul Muolo Rocket ended the July-September period with $521.0 billion of mortgage servicing rights on its books, up 2.8% sequentially...Read More
A Sigh of Relief for Gain-on-Sale. However... November 4, 2021 Paul Muolo The reason loanDepot did so well: The company relies mostly on retail production where the profit margins are reliably fatter.Read More
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