Margins Shrink at Guild in Fourth Quarter March 7, 2025 Brandon Ivey Guild generated only $800 million of net income from its origination segment in the fourth quarter.Read More
Short Takes: loanDepot CEO Heading Out / Hometap Brings Securitization / Freddie Selling RPLs / Profits Increase at Velocity March 7, 2025 Brandon Ivey Anthony Hsieh, chairman, founder and controlling shareholder of loanDepot, is returning to senior leadership as executive chairman of mortgage originations at the nonbank.Read More
Freddie to Automate Servicing-Transfer Task March 6, 2025 Dennis Hollier To this point, identifying loans for voluntary partial cancellation has been done manually.Read More
CSBS Planning Refinements to Mortgage Call Report March 4, 2025 Shannon Clark The largest pending change to the MCR is that it will support implementation of prudential standards.Read More
Short Takes: CRT Issuance From Fannie / Mixed Trends in Non-QM Performance / FICO Mortgage Simulator / Home Improvement Financing March 4, 2025 Brandon Ivey Fannie Mae is set to issue a credit risk transfer deal tied to a pool of mortgages with an unpaid principal balance of $17.0 billion.Read More
Bank MSR Holdings at the Lowest Level in Almost 20 Years March 3, 2025 Namrata Bhatia Although banks have been reducing their MSR holdings, the asset has increased in value thanks to rising rates.Read More
Rocket’s Earnings Improve in 4Q, Originations Poised to Increase February 28, 2025 Brandon Ivey The swing in earnings was tied to the value of mortgage servicing rights, among other factors.Read More
Pulte, McKernan Face Senators at Confirmation Hearing February 27, 2025 Brandon Ivey Bill Pulte, nominee for FHFA director, and Jonathan McKernan, the nominee for CFPB director, detailed some of their plans.Read More
Loan Removals From Ginnie MBS Up Sharply in 2024 February 27, 2025 Namrata Bhatia Borrower payoffs reflect heavy refinance activity in the Ginnie program.Read More
UWM’s Originations Slip in 4Q, Margins Decline February 26, 2025 Brandon Ivey Even with the lower margin, UWM boosted its net income, helped by improvements in the value of mortgage servicing rights.Read More