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A Sequential Profit Drop for loanDepot but Shares Rally

February 18, 2021

Talk about a rollercoaster ride: loanDepot came out at $14 a share last week and at one point almost reached $40.


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AZ Bank in $1 Billion Deal to Buy Nation's Third Largest Correspondent Lender

February 16, 2021
Paul Muolo

Back in fall, the privately held AmeriHome announced its intentions to go public.


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Forbearance Tally Lowest Since April of Last Year

February 16, 2021
Paul Muolo

MBA cited improvements in Fannie Mae/Freddie Mac and Ginnie Mae loans as the driver behind the better readings.


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FHA/VA Foreclosure and Eviction Moratoriums Extended Once Again

February 16, 2021
Maria Volkova

The new timeline moves the moratorium's expiration from March 30 to June 30...


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Short Takes: loanDepot's Stock Rises / Average G-Fee Declines / UpEquity Raises $25 Million / Forbearance Share Declines

February 12, 2021
Brandon Ivey

loanDepot's stock jumped more than 50% on its first day of trading after the nonbank downsized its IPO.


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Delinquencies Decline Across the Board in Fourth Quarter

February 12, 2021
Brandon Ivey

Time-based measures of delinquency rates showed slight declines during the fourth quarter of 2020, as did the foreclosure rate, according to Inside Mortgage Finance's large servicer delinquency index.


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Short Takes: Applications Decline / GSE Foreclosure Moratorium Extended / Jumbo MBS from Goldman / A Seller's Market

February 10, 2021
Brandon Ivey

Mortgage applications fell by 4%, with declines in requests for both refinances and purchase mortgages.


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Borrowers with GSE Mortgages Allowed to Extend Forbearance

February 10, 2021
Brandon Ivey

Coronavirus-related forbearance on mortgages serviced for the GSEs can extend three months past the initial 12-month deadline, according to the FHFA.


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Ocwen Plans to Stem Losses with Investment from Oaktree

February 10, 2021
Dennis Hollier

Ocwen Financial took another loss in the fourth quarter of 2020. The nonbank also received a cash infusion from Oaktree Capital Management with plans to grow.


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New Residential Finishes 2020 Strong; Predicts Better 2021

February 9, 2021
Dennis Hollier
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