Production and Servicing Profits Take a Hit in 2Q August 31, 2022 Namrata Bhatia The reason for the weak quarter: plunging originations and stiff competition...Read More
Bank MSR Values the Highest Since 4Q 2005 August 30, 2022 Namrata Bhatia At June 30, banks assigned a market value of $47.72 billion to their MSRs, up 8.8% from March...Read More
Subservicing Growth Faces Headwinds August 29, 2022 Paul Muolo At June 30, subservicing vendors handled the monthly processing chores on 31.5% of all residential mortgages...Read More
Bank ABS Holdings Decline in 2Q, Led by Consumer Assets August 29, 2022 John Bancroft The slippage reflected both declines in the market value of ABS as well as a modest trimming of assets.Read More
REIT MBS Holdings Down Again in 2Q22 August 26, 2022 John Bancroft REITs have seen their MBS portfolios shrink for six consecutive quarters since a cyclical peak at the end of 2020...Read More
A 2Q Market Share Gain for Correspondent Lending August 25, 2022 John Bancroft A handful of lenders grew their wholesale production, including Flagstar...Read More
While loanDepot Executives Sell Shares, Founder Hsieh Buys August 25, 2022 Paul Muolo Back in April, Hsieh ceded every day management of the company to new hire Frank Martell...Read More
MBS Trading Continues to Slope Downward August 25, 2022 Paul Muolo The outlook for the remainder of the year? Not so hot.Read More
Rising Steadily in 2Q22: Jumbo Servicing Balances August 24, 2022 Brandon Ivey Among the top 10 jumbo servicers, the largest growth was recorded at Flagstar Bank and NewRez/Shellpoint.Read More
Beating the Odds on Non-Agency Profitability: Velocity August 24, 2022 Brandon Ivey The publicly traded nonbank posted net income of $10.8 million in 2Q22...Read More
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