Depositories Report 2Q21 Slump in Mortgage Banking Income August 10, 2021 John Bancroft Overall, Wells Fargo continued to post the biggest earnings of the group...Read More
An Ugly 2Q Loss for Home Point as GOS Plunges August 10, 2021 Paul Muolo The mostly wholesale originator (71.8% of production) funded $25.5 million in loans during the April-to-June period, down 13.5% sequentially.Read More
Goldman, Guaranteed Rate Team Up on Non-Agency MBS (Again) August 10, 2021 Brandon Ivey Goldman's MBS is stocked with GSE-eligible mortgages on investment properties originated by nonbank mortgage giant Guaranteed Rate...Read More
Yet Another Gain for Mortgage Employment August 9, 2021 Paul Muolo Another record reading for mortgage employment? Looks that way...Read More
Wholesale Loses Ground in 2Q21, Correspondent Gains August 9, 2021 United Wholesale Mortgage remained the top seller of broker loans with $41.07 billion during the second quarter, a 2.5% drop from 1Q21.Read More
Chimera Back in the Non-Agency MBS Market with GSE-Eligible Loans August 9, 2021 Brandon Ivey While numerous other issuers have rushed into the market with GSE-eligible loans in non-agency MBS, this is Chimera's first such deal of the year.Read More
Higher Ginnie Mae Requirements Could Spell Trouble for MSRs August 9, 2021 Paul Muolo Commercial banks could, once again, become big players in the GNMA MSR market but few find that likely...Read More
Agency MBS Issuance Down in July Despite Ginnie Mae Gain August 6, 2021 John Bancroft The two GSEs securitized $98.14 billion of refi loans in July, the lowest monthly volume since March of last year, when the Federal Reserve sparked a massive refi market by pushing interest rates to record lows.Read More
Not a Pretty Picture for the Mortgage IPO Class of ’20-21 August 6, 2021 Paul Muolo It's hard out there for a publicly traded mortgage company, especially for the recent IPO class...Read More
PennyMac is Not Immune. 2Q Results Affected by MSR Marks, Lower GOS August 6, 2021 Brandon Ivey In 2Q, margins compressed at PennyMac and the value of its MSRs fell sharply. Sound familiar?Read More