A New MSR Offering From Prestwick. MIAC Busy as Well May 19, 2022 Paul Muolo The Prestwick Group is brokering a $618 million portfolio of Fannie Mae/Freddie Mac product.Read More
Jumbo Servicing Balances Up Slightly in 1Q22 May 18, 2022 Brandon Ivey JPM's jumbo servicing portfolio declined 2.6% to $199.42 billion during the first quarter...Read More
Sources: USAA Inks Large MSR Deal With Mr. Cooper. Details? May 13, 2022 Paul Muolo Those MSR acquisitions, by the way, have been prescient for Mr. Cooper...Read More
Lower Earnings at Home Point as MSR Sales Buffer the Pain May 12, 2022 Paul Muolo Home Point's gain-on-sale margin came in at 61 basis points, a slight improvement over the October-December period...Read More
Nonbanks Book Historic Gains on Their MSR Assets May 12, 2022 Paul Muolo The MSR "cookie jar" has been tapped...Read More
Consumer Complaints Surge in the First Quarter of 2022 May 11, 2022 Sam Manas Year-over-year, overall consumer gripes were up 39.7%, but mortgages...Read More
A 1Q Earnings Gain for Rocket. Reason: (You Guessed It) MSR Mark Ups May 11, 2022 Paul Muolo Rocket's MSRs accounted for 25.4% of its asset base at March 31 compared to 16.4% at yearend.Read More
loanDepot’s Stock Crushed After 1Q Loss, Production Outlook Weak May 10, 2022 Brandon Ivey loanDepot's originations and servicing segments suffered in the first quarter amid rising interest rates.Read More
UWM Taps the MSR Markup ‘Well’ and Reports a Strong Profit for 1Q May 10, 2022 Paul Muolo UWM anticipates second quarter production of $26.0 billion to $33.0 billion and a GOS of 75 to 99 bps.Read More
As Volumes Drop, Some Mortgage CEOs Take Home Less Pay May 10, 2022 Paul Muolo During the first quarter, Fairway transferred roughly $5.8 billion of mortgage servicing rights to new owners...Read More
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