A Hefty Profit for Mr. Cooper on Sale of Title Business March 15, 2021 Paul Muolo Blend Labs, the digital automated underwriting platform, is diving head first into the title business...Read More
Provident, Morgan Stanley Prep Prime Non-Agency MBS March 15, 2021 Brandon Ivey Provident is stocking its MBS with conforming jumbos. Morgan is aggregating product through various lenders.Read More
It’s LO Bonus Time — And Recruitment Season As Well March 14, 2021 Paul Muolo A slowdown in LO hiring? Don't bet on it...Read More
Expanded-Credit Lending Sees Recovery in 4Q20 March 14, 2021 Brandon Ivey For the full year, expanded-credit lending was off 28.7% to an estimated $37.3 billion. The reason: Liquidity problems sparked by the pandemic.Read More
A Stunner: Nonbank Share of Top-100 Nears 72% March 12, 2021 John Bancroft Mortgage analysts have the right to ask: Where have all the depositories gone?Read More
A New Wrinkle in the CRT Market: Warehouse Credit March 12, 2021 Paul Muolo The notes acquired by institutional investors carry a maturity of three years. Read More
A Loss for Impac in 4Q, but Originations Jump. CEO Hopeful March 12, 2021 Brandon Ivey Impac's production nearly doubled on a sequential basis in the fourth quarter but margins compressed.Read More
A 4Q20 Record for ‘Conforming’ Jumbos: $114 Billion March 11, 2021 John Bancroft The record $114.44 billion total for Fannie, Freddie and Ginnie represented a 33.7% gain from the third quarter.Read More
With Lower Volumes, LO Recruitment Should be Easier. Right? March 11, 2021 Paul Muolo When rates increase and loan volumes fall, loan officers tend to stick around instead of heading into the unknown at another shop. But there are exceptions.Read More
Home Point Follows the Pack: Lending Up but Revenue and Net Earnings Decline March 11, 2021 Paul Muolo The lender's gain-on-sale margin slipped to 176 basis points in the most recent quarter compared to 278 bps in the prior period...Read More
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