Applications Rise Nicely but Don’t Get Used to It March 9, 2022 Paul Muolo As one veteran warehouse manager put it: “We’re sucking wind, like everyone else.”Read More
Ginnie Issuance Down as Refi Boom Wanes March 9, 2022 The top three Ginnie issuers in February: PennyMac Financial, Lakeview and Rocket Mortgage...Read More
Nonprime Servicers Expand Portfolios in 2021 March 8, 2022 Brandon Ivey Select Portfolio Servicing remained the largest nonprime servicer at yearend with estimated balances of $133.0 billion...Read More
A Nice Bounce Back for Expanded-Credit Lending in 2021 March 7, 2022 Brandon Ivey Participants in the sector view the small market share as a sign there’s plenty of room for growth...Read More
Subservicing Continues to Spread, Posts Steady Gains in 4Q March 7, 2022 More private equity shops, such as Marlin Mortgage Capital, are entering the MSR ownership circle but want someone else to process their loans...Read More
The Winter Tally: Agency MBS Production Falls Sharply in February March 4, 2022 John Bancroft The 21.5% decline in agency single-family MBS production in February may signal a deeper shift in mortgage market tectonics...Read More
As Lenders Cut Heads, a Migration to Loan Brokerage Shops? March 4, 2022 Paul Muolo "Massive" layoffs by mortgage bankers? That's how one CEO sees it...Read More
Refis Down 7.4% in 4Q, Purchase Lending Down Even More March 3, 2022 John Bancroft The top three purchase-money lenders in 2021: PennyMac Financial Services, UWM and Wells Fargo...Read More
Moves by Key Investors Lift Bank ABS in Fourth Quarter March 2, 2022 John Bancroft JPMorgan Chase, Northern Trust, Bank of America and Commerce Bank also upped their ABS holdings over the last three months of the year.Read More
The Tea Leaves: Issuance of GSE MBS Falls to 23-Month Low March 1, 2022 John Bancroft The GSEs issued “only” $137.8 billion of single-family mortgage securities in February, down 23% from January...Read More
RSS