Short Takes: FICO’s Score Revenue Jumps / PennyMac Upsizes Debt Offering / Optimal Blue to Offer AI Tool / Jumbo MBS From Redwood / Better Rewards Program February 5, 2025 Brandon Ivey FICO's revenue from mortgage originations increased by 110% in the fourth quarter of 2024 compared with the fourth quarter of 2023.Read More
Rithm Plans $200 Million Offering for an Acquisition February 4, 2025 Brandon Ivey Michael Nierenberg is chairman and CEO of both Rithm Capital and Rithm Acquisition.Read More
Short Takes: Ishbia Sees Room for Refis / Non-QM Impairments Up Due to Hurricanes / Cardinal Launches Non-QM Offerings / Rate Expands Non-Agency Products February 4, 2025 Brandon Ivey Ishbia pointed to borrowers who received mortgages between 2022 and 2024 as prime candidates for refis.Read More
Cenlar Ponders Warehouse Lending, MSR Finance, More February 3, 2025 Paul Muolo To its credit, the privately held Cenlar has made numerous moves to please the OCC.Read More
PennyMac’s Originations, Profits Increase in 4Q January 31, 2025 Brandon Ivey Income jumped by 50% on a quarterly basis at PennyMac Financial Services in the fourth quarter.Read More
Powell Deflects on Rising Interest Rates for Mortgages January 30, 2025 Brandon Ivey “We control an overnight rate,” the Federal Reserve chair noted.Read More
Annaly Adds MSRs in Fourth Quarter, Profits Spike January 30, 2025 Brandon Ivey For the year, Annaly had $1.01 billion of net income after taking a $1.64 billion loss in 2023.Read More
Two Harbors’ Earnings Swing Back to Profitability in 4Q January 30, 2025 Brandon Ivey Gains on servicing and interest rate swaps helped Two Harbors return to profitability.Read More
FHA Servicing Growth Outpaces VA in Fourth Quarter January 28, 2025 Andras Malatinszky FHA servicing volume increased by 2.5% on a quarterly basis, hitting $1.39 trillion at the end of the fourth quarter of 2024.Read More
Originations Level Off at Western Alliance in Fourth Quarter January 28, 2025 Brandon Ivey Production, largely through the AmeriHome Mortgage correspondent unit, declined by 1.5% from the third quarter.Read More
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