Short Takes: FICO’s Score Revenue Jumps / PennyMac Upsizes Debt Offering / Optimal Blue to Offer AI Tool / Jumbo MBS From Redwood / Better Rewards Program February 5, 2025 Brandon Ivey FICO's revenue from mortgage originations increased by 110% in the fourth quarter of 2024 compared with the fourth quarter of 2023.Read More
Retail Channel Gains Share in Agency MBS in 4Q February 4, 2025 Andras Malatinszky Retail lending gained share from the correspondent channel in the fourth quarter.Read More
Rithm Plans $200 Million Offering for an Acquisition February 4, 2025 Brandon Ivey Michael Nierenberg is chairman and CEO of both Rithm Capital and Rithm Acquisition.Read More
Short Takes: Ishbia Sees Room for Refis / Non-QM Impairments Up Due to Hurricanes / Cardinal Launches Non-QM Offerings / Rate Expands Non-Agency Products February 4, 2025 Brandon Ivey Ishbia pointed to borrowers who received mortgages between 2022 and 2024 as prime candidates for refis.Read More
PennyMac’s Originations, Profits Increase in 4Q January 31, 2025 Brandon Ivey Income jumped by 50% on a quarterly basis at PennyMac Financial Services in the fourth quarter.Read More
Agency MBS Investors Expect Reduced Volatility in 2025 January 31, 2025 Brandon Ivey David Finkelstein, CEO and co-chief investment officer of Annaly Capital Management, said the agency MBS market is “healing well” following volatility in 2022 and 2023.Read More
Short Takes: McCargo Abruptly Leaves FHLBank of San Francisco / Cerberus Securitizing HELs From Spring EQ / Non-Agency MBS Flowing From PennyMac / Pending Home Sales Decline / Deutsche Bank Using MacBook Airs January 31, 2025 Brandon Ivey McCargo joined the FHLBank in June.Read More
Powell Deflects on Rising Interest Rates for Mortgages January 30, 2025 Brandon Ivey “We control an overnight rate,” the Federal Reserve chair noted.Read More
Annaly Adds MSRs in Fourth Quarter, Profits Spike January 30, 2025 Brandon Ivey For the year, Annaly had $1.01 billion of net income after taking a $1.64 billion loss in 2023.Read More
Two Harbors’ Earnings Swing Back to Profitability in 4Q January 30, 2025 Brandon Ivey Gains on servicing and interest rate swaps helped Two Harbors return to profitability.Read More
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