An Earnings Decline for Warehouse Lender Texas Capital July 21, 2022 Paul Muolo Texas Capital's goal is to become more of a full service bank...Read More
Megabanks Report 2Q Mortgage Results. When Flat Can be Good... July 21, 2022 Paul Muolo Of the early reporting megabanks, there’ve been a few encouraging signs that all is not lost...Read More
Short Takes: Lack of Housing Finance Oversight Hearings? / Impeding? / Mortgage Applications Fall / Existing Home Sales Fall / The Number-One MSR Buyer Is… July 20, 2022 Paul Muolo Hungry for bulk MSRs: Jamie Dimon's JPMorgan Chase...Read More
Mostly Flat Originations for Truist July 19, 2022 Paul Muolo Truist is the nation’s 15th largest residential originator overall...Read More
How Bad Might the Mortgage Layoff Picture Get? July 18, 2022 Paul Muolo In less than a year, Better has reduced its headcount by 72%... Read More
Bulk MSR Transfers Soar in Massive 2Q22 Reshuffling July 18, 2022 John Bancroft Year-to-date transfers of Fannie Mae, Freddie Mac and Ginnie Mae servicing hit $561.35 billion, setting a pace for a $1 trillion year.Read More
First-Lien Lending Slips at BofA, Second-Lien Production Jumps July 18, 2022 Paul Muolo BofA said its new mortgage customers had an average loan-to-value ratio of 70% in 2Q22...Read More
Non-Agency MBS Issuance Down 22% in 2Q22 July 15, 2022 John Bancroft The top three non-agency issuers for the first six months of 2022: JPMorgan, Goldman Sachs and Onslow Bay...Read More
2Q22 Results: Originations Fall at Wells Fargo, MSRs Get Marked Up July 15, 2022 The stagecoach added that year-over-year results were partially offset by higher mortgage servicing income.Read More
Nonbank MSR Footprint Shrinks in 2Q22 Selloff July 14, 2022 John Bancroft Bulk sales of agency MSRs played a significant role in the second quarter...Read More
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