Grapevine: Battle of the Mortgage Titans / Better August 11, 2022 Paul Muolo UWM outearned Rocket in the second quarter, but mortgage banking is a nine-inning game. Meanwhile, not only is Better.com struggling, so is its chief benefactor, SoftBank.Read More
FHFA: Servicers Must Maintain Fair Housing Data August 11, 2022 Dennis Hollier Fannie/Freddie servicers must collect age, race, ethnicity and language preference data from borrowers.Read More
Lower Profits for Nation's #3 Originator, UWM. MSRs Bolster Weaker Originations August 9, 2022 Brandon Ivey UWM's gain-on-sale margin totaled 99 basis points in the second quarter. Management estimates a GOS of 30 bps to 60 bps in 3Q22...Read More
Cenlar Chief Tornquist Retires, Former GSE Executives Fill the Void August 8, 2022 Paul Muolo The press-shy, privately held vendor made headlines last fall when it was sanctioned by the OCC...Read More
GSE MSRs Up for Grabs August 8, 2022 Paul Muolo The market for MSRs continues to simmer. A busy fall ahead?Read More
Largest Servicers Lose Some Market Share in Second Quarter August 4, 2022 John Bancroft Three of the five largest services saw their portfolios shrink in the second quarter.Read More
Ocwen’s Income Declines in Second Quarter August 4, 2022 Brandon Ivey Income from MSR markups declined and origination units took losses in the second quarter.Read More
PennyMac’s Income Dips in 2Q, Servicing Still Key August 3, 2022 Brandon Ivey The bulk of PennyMac's income in the second quarter of 2022 was tied to servicing.Read More
Rithm’s Break From Fortress Prompts Loss in Second Quarter August 2, 2022 Brandon Ivey The REIT paid a $325 million fee to an affiliate of Fortress Investment Group to shift to internal management.Read More
Some Wins for Mortgage Industry in Bill Supported by Manchin August 1, 2022 Brandon Ivey Housing provisions didn't make it into the Inflation Reduction Act, but there are some positive developments for the mortgage industry on taxes.Read More
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