Strong 3Q Originations From PFSI... But MSRs Values Nicked October 23, 2024 Paul Muolo PennyMac funded $31.7 billion of residential loans during the July-September corridor, a handsome 17% improvement...Read More
Short Takes: FHFA Proposes Changes to FHLBanks Board Structure / Justice Department Sues Rocket / Redwood Preps Jumbo ARM Securitization / LoanCare Launches New Refi Recapture Program October 22, 2024 James Dohnert and Dennis Hollier FHFA plans for board structure changes; Justice Department sues Rocket over refi discrimination; Redwood markets jumbo ARM securitization; LoanCare launches digital recapture product.Read More
Servicing Transfers (Sales) Continued to Slow in 3Q24 October 21, 2024 John Bancroft One busy seller of mortgage servicing rights was CMG Mortgage of San Ramon, CA...Read More
There Goes the Mini Refi Boom? October 21, 2024 Paul Muolo Sales of MSRs have been slow, but some owners of MSRs could decide to unload a portion of their holdings...Read More
Western Alliance Boosts Originations in 3Q, Revenue Down October 18, 2024 Brandon Ivey While production increased, mortgage-banking revenue at Western Alliance declined by 31.0%.Read More
Short Takes: Update on Mr. Cooper’s Acquisition of Flagstar Assets / Home Sales Slow in CA / Interest Rates Up Again / FHLBanks Boost Affordable Housing Contributions October 18, 2024 Brandon Ivey Flagstar is on track to sell its mortgage servicing business and third-party origination business to Mr. Cooper Group during the fourth quarter.Read More
Ginnie Eyes Resources to Support Loan-Level Issuance October 16, 2024 Monica Hogan Ginnie Mae Acting President Sam Valverde said loan-level securitization could help liquidity.Read More
Wells Fargo’s Cuts to Mortgage Staff Level Off October 14, 2024 Brandon Ivey Wells originated $5.5 billion of mortgages through the retail channel in the third quarter of 2024, down 14.1% from the third quarter of 2023.Read More
Short Takes: Radian Back With Jumbo MBS / Refi Share at Wells / PHH Servicer Ratings Affirmed / New Issuer of Home Improvement ABS October 14, 2024 Brandon Ivey An affiliate of Radian Group is marketing its second jumbo MBS.Read More
Agency Servicing Tops $9.0 Trillion in Third Quarter October 11, 2024 John Bancroft Total servicing tied to agency single-family mortgage-backed securities rose to $9.004 trillion as of the end of September.Read More
RSS