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A Particularly Brutal Production Quarter for Fintech Better.com

May 2, 2022
Paul Muolo
Given steeply higher rates and much narrower lending profits the past six months, Better’s journey to the NYSE has been anything but smooth.
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Blow-out Earnings for Mr. Cooper. Reason: Huge MSR Gains

April 29, 2022
Paul Muolo
And let us now praise MSRs...
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Buyouts from Ginnie MBS Revert Back to Pre-Pandemic Levels

April 29, 2022
Brandon Ivey
Another factor: the drop in repurchases appears to be driven by improvements in delinquency rates.
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Mortgage Originations Take a Beating in Early 2022

April 28, 2022
John Bancroft
Among the top 10 funders, the declines were mostly brutal, ranging from a low of -21.1% to a high of -37.2%.
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A Strong 1Q22 Profit for Freddie

April 28, 2022
Paul Muolo
Freddie took in new business of $207.0 billion in the January-March period, down 23.6% sequentially...
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Grapevine: Figuring Out the Fed / Dividends About to Get Squeezed?

April 28, 2022
Paul Muolo
Is the worst of the mortgage rate increases over? Hard to say. Meanwhile, publicly traded nonbanks may be forced to curtail their dividend payments to common shareholders.
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Mortgage-Related Complaints Rise Again in 1Q, 'Coop' Leads the Pack

April 27, 2022
Andras Malatinszky
When it comes to mortgage gripes registered, Wells Fargo was a distant second with 386...
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And the Beat Goes On: Nonbanks Continue to Gain in GSE Servicing

April 26, 2022
Dennis Hollier
Federally insured depositories with assets north of $1 trillion saw their GSE servicing balances remain essentially unchanged in the first quarter...
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Servicing Sales (Transfers) Slow in 1Q But Still at Heightened Levels

April 25, 2022
John Bancroft
The biggest decline in bulk transfers was in the Ginnie market, where volume plummeted 27.9%...
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ABS Starts Strong in Early 2022, Driven by Key Sectors

April 22, 2022
John Bancroft
The two biggest asset classes in the ABS market – vehicles and business finance — accounted for most of the first-quarter surge.
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