Mr. Cooper to Acquire Home Point and its MSRs May 11, 2023 Paul Muolo The acquisition will make Mr. Cooper the seventh-largest mortgage servicer.Read More
Short Takes: What a U.S. Default Would Do to Interest Rates / Foreclosures Slow / ‘Silly Reporters’ / GAAP Would Like a Word May 11, 2023 Brandon Ivey The mortgage industry fallout if Congress and the White House fail to raise the debt ceiling: Zillow predicts 8.40% interest rates on 30Y FRMs.Read More
MSR Markdown Prompts Another Loss for United Wholesale May 10, 2023 Brandon Ivey Margins jumped but MSR markdowns overwhelmed UWM's income in the first quarter.Read More
loanDepot Books Loss in First Quarter, Margins Improve May 10, 2023 Paul Muolo Originations declined, margins improved, but a loss was still in the cards for the first quarter.Read More
Short Takes: Applications Increase / Blend Gaining Market Share / Cenlar’s Information Factory / Sagent in India May 10, 2023 Brandon Ivey As interest rates declined, applications increased...Read More
Chase to Surpass Wells as Largest Servicer May 9, 2023 John Bancroft Wells is shrinking its servicing portfolio while Chase is growing.Read More
Short Takes: Housing Confidence Improving / Not Much to Buy / Banks Tighten Up / MSRs for Sale May 9, 2023 Brandon Ivey and Paul Muolo Survey says: An increased number of respondents think mortgage rates will go down over the next year...Read More
M&A: Computershare Pondering Its Options in Mortgages? May 8, 2023 Paul Muolo Computershare said, “Low origination and refinancing volumes, along with the timing of MSR capital recycling trades, affected results."Read More
Large Firms Gain GSE Servicing Share, Led by Chase May 5, 2023 Dennis Hollier The big servicers got a little bigger and Chase overtook Wells as the largest GSE servicer in the first quarter.Read More
Rocket Takes Another Loss in First Quarter May 5, 2023 Brandon Ivey Margins improved while originations declined.Read More
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