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...Read More
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%...Read More
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.Read More
The Compensation Package for a CEO Whose Company Lost $1.3B in 4Q: $19.1 Million April 21, 2022 Paul Muolo FoA lost $1.34 billion in the fourth quarter after booking a large goodwill impairment...Read More
GSE Investment-Property Volume Holds Up Fairly Well in 1Q22 April 20, 2022 Brandon Ivey Noncore products entail collateral that might be handled by the non-agency market...Read More
A 44% Raise for Ocwen CEO Messina April 20, 2022 Paul Muolo In 2021, Ocwen earned $18.1 million on revenue of $1.05 billion...Read More
MBS Trading Sinks to Yearly Low April 20, 2022 Paul Muolo It’s not just that rates have increased, it’s that it’s happened so rapidly over such a short period of time...Read More
Ginnie Issuance Declines in 1Q22, PennyMac Leads the Pack April 19, 2022 Monica Hogan The three largest Ginnie Mae issuers were PennyMac Financial, Lakeview and Freedom Mortgage...Read More
loanDepot #1 Among Contributors of Loans to Prime Non-Agency MBS April 18, 2022 Brandon Ivey On the other hand, United Wholesale Mortgage, the top contributor to prime non-agency MBS in 2021, avoided the market entirely...Read More
Lower Originations, Consumer Earnings at Bank of America April 18, 2022 Paul Muolo In the home equity department, BofA funded $2.04 billion compared to $1.70 billion in the fourth quarter.Read More
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