Pre-Tax Income Declines at PennyMac in Second Quarter July 23, 2025 Brandon Ivey The nonbank originated $37.88 billion of loans in the second quarter, up 31.0% from the first quarter.Read More
Mr. Cooper’s Servicing Portfolio Declining Somewhat July 23, 2025 Brandon Ivey The nonbank’s subservicing volume is down 5.1% from the end of 2024.Read More
Short Takes: Average Loan Balances Declining / Mr. Cooper Launches MSR Fund / Rithm Forms RTL Partnership / Congress Poised to Address Housing July 23, 2025 Brandon Ivey While home prices are up, the average loan balance on mortgage applications is declining.Read More
Nonbank Share of GSE Servicing Level in 2Q July 22, 2025 Dennis Hollier Nonbanks handled 60.7% of GSE servicing as of the end of June.Read More
MSR Transfers Slow in 2Q, Lag Activity Seen in 2024 July 21, 2025 John Bancroft There was a sharp 20.6% decline in transfers of high-coupon MSR exceeding 6%.Read More
Large Sequential Gains for Origination Bellwethers JPM and Wells July 15, 2025 Paul Muolo KBW noted the GOS margin at Wells fell sharply to 45 bp in 2Q25, down 45 bp quarter over quarter...Read More
As Earnings Season Starts, Some Concerns About Originations July 14, 2025 Paul Muolo KBW said of UWM, "while the shares remain inexpensive, we see limited positive catalysts with rates remaining range-bound at current levels.”Read More
Advocates Say VA Borrowers Need More Than Partial Claims July 14, 2025 Emmeline Willey The Center for Responsible Lending said loss-mitigation offerings need to reduce monthly payments to avoid foreclosures.Read More
Interest Rate Outlook Murky Following Tax/Spending Bill July 11, 2025 Paul Muolo With the federal deficit set to increase, there are fears that the 10-year Treasury rate will rise.Read More
Short Takes: OCC Head Confirmed / FHA Delays Deadline for Phishing-Resistant Change / Westcor Added to Fannie Title Acceptance Pilot / UWM Invests in Bilt / Panorama Mortgage Group Launches Wholesale Unit July 11, 2025 Brandon Ivey Jonathan Gould was the senior deputy comptroller and chief counsel at the OCC during the latter half of the first Trump administration.Read More
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