Rocket’s Profits Decline in Third Quarter November 3, 2023 Brandon Ivey Production was essentially level compared with the second quarter and margins improved.Read More
Large GSE Servicers Growing Via Acquisitions November 2, 2023 Dennis Hollier Acquisitions helped boost Mr. Cooper to the third largest GSE servicer as of the end of September, up from number eight in the ranking as of the end of June.Read More
Mortgage-Banking Income at Banks Increases November 1, 2023 John Bancroft Among a group of 26 banks, mortgage banking income increased by 9.9% in the third quarter.Read More
MBA Cautions Against FSOC Designations for Nonbank Mortgage Companies November 1, 2023 Brandon Ivey FSOC plans to set new standards for applying a “systemically important financial institution” designation to nonbank financial companies.Read More
Mortgage-Related Complaints to CFPB Decline October 31, 2023 Namrata Bhatia Complaints about mortgages were down 6.2% compared with the second quarter.Read More
Short Takes: Home Prices Increase / Large Loss for AGNC / Profits Increase at Two Harbors / New President at Cenlar October 31, 2023 Brandon Ivey Prices were up 5.6% on an annual basis in August, according to FHFA.Read More
Homestar Undecided on Fate of ‘Other’ Assets October 30, 2023 Paul Muolo In 2022, Homestar originated $2.5 billion in residential loans...Read More
Short Takes: Better’s Insurance Play / No Coverage / The Benefits of Subservicing? / The Largest User / Wells’ Vice Chair Departs October 30, 2023 Paul Muolo The pros and cons of subservicing? It all depends...Read More
PennyMac Turns Profits on Originations, Servicing in 3Q October 27, 2023 Brandon Ivey Net income at PennyMac Financial Services increased in the third quarter thanks to the nonbank's servicing portfolio.Read More
FHA Working to Help on Housing Affordability October 27, 2023 Monica Hogan Priorities at FHA include facilitating loan assumptions and originations of small-balance mortgages.Read More
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