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
Nonbanks Tighten Their Grip on the Servicing Market November 4, 2021 John Bancroft The Inside Mortgage Finance top-50 tally at Sept. 30: Nonbanks $4.03 trillion of MSRs, depositories $3.83 trillion...Read More
A Strong Earnings Turnaround for Home Point as Firm Sells MSRs, Pays Dividend November 4, 2021 Paul Muolo The lender's gain-on-sale margin totaled 84 basis points compared to just 58 bps in the second quarter.Read More
And the Winning Bidder on the Home Point Portfolio Is… November 3, 2021 Paul Muolo Looking to sell mortgage servicing rights? Now might be a good time...Read More
Trouble Ahead? An Unsightly Increase In Early-Stage Delinquencies November 2, 2021 John Bancroft The government-insured market was under more pressure...Read More
A Strong 3Q21 Showing for New Residential as GOS Heads North November 2, 2021 Paul Muolo At Sept. 30, New Residential valued its portfolio of mortgage servicing rights at $6.56 billion...Read More
Banks Report Solid Gain in Mortgage Income in 3Q November 1, 2021 John Bancroft Although new originations and loan sales declined from the second quarter, many firms said gain-on-sale margins improved.Read More
Freddie Sees 3Q21 Growth Spurt, Bulk MSR Deals Up November 1, 2021 John Bancroft Large mortgage bankers recorded a 5.2% gain in GSE servicing, while small- and mid-sized companies posted an 8.7% gain....Read More
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