Losses Pile Up at PlainsCapital Bank’s PrimeLending April 25, 2025 Brandon Ivey PrimeLending took an $8.3 million pre-tax loss in the first quarter of 2025.Read More
Short Takes: Sales of Existing Homes Slow / Profit on Sale of Warehouse Unit / New Type of Securitization From Figure April 25, 2025 Brandon Ivey Sales of existing homes declined in March on a monthly basis and compared with March 2024.Read More
CrossCountry Leads Contributors to Expanded-Credit MBS April 24, 2025 Brandon Ivey CrossCountry contributed $942.1 million in loans to expanded-credit MBS issued during the first quarter of 2025.Read More
Amerant Bank Retreats on Mortgage Lending April 24, 2025 Brandon Ivey The bank will shift from lending in 30 states to focusing on customers in its branch network in Florida.Read More
Short Takes: Sales of New Homes Increase / No Questions for Mr. Cooper / Loss on Sale to A&D / Hsieh’s Monthly Expense Reimbursement April 24, 2025 Brandon Ivey Sales of new homes increased on both monthly and annual bases in March.Read More
Mr. Cooper’s Servicing Portfolio Shrinks in First Quarter April 23, 2025 Brandon Ivey The bulk of the first-quarter decline was in subservicing.Read More
Waterstone Settles Poaching Lawsuit With Mutual of Omaha April 23, 2025 Brandon Ivey The settlement contributed to a pre-tax loss of $2.2 million for Waterstone’s mortgage unit in the first quarter of 2025.Read More
Short Takes: Applications Fall / Fannie Selling NPLs / DSCR Non-Agency MBS April 23, 2025 Brandon Ivey Interest rates on mortgages increased by nearly 30 basis points during a two-week span.Read More
Pulte Touts Future Stability, Growth at GSEs April 22, 2025 Brandon Ivey Since he was appointed by President Trump as FHFA’s leader, Pulte has revamped board membership at the GSEs and fired Freddie’s CEO.Read More
Lending, Margins Decline at Western Alliance in 1Q April 22, 2025 Brandon Ivey The bank’s gain-on-sale margin declined from 21 basis points in the fourth quarter to 19 bps in the first quarter.Read More
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