Depositories Lose Ground in MSRs, Nonbanks Plow On June 16, 2022 John Bancroft Nonbanks boosted their combined servicing by 4.8%, hitting $6.231 trillion...Read More
LoanDepot Executives Sell Company Shares Into a Tough Market June 16, 2022 The sales were carried out pursuant to Rule 10b5-1 trading plans...Read More
May Rate-Lock Readings Don’t Exactly Inspire June 16, 2022 Brandon Ivey Mortgage Capital Trading reported an even sharper drop of 10.1% for purchase rate-locks...Read More
Retail Channel Holds Up (Sort Of) as Jumbos Take a Hit June 16, 2022 Brandon Ivey Retail jumbo lending tends to be dominated by banks...Read More
A Bump Up in Applications but as One CEO Commented, ‘It’s Ugly’ June 15, 2022 Paul Muolo Lenders continue to report a strong purchase-market but are feeling the pain from cratering refis...Read More
A Rare Slowdown in the Outsourcing of Servicing June 14, 2022 Paul Muolo At the end of March, 31.7% of all outstanding residential mortgages were being processed by someone other than the owner of the MSRs...Read More
ARM Market Share Increases. However... June 14, 2022 Bank of America was the top ARM lender in the first quarter...Read More
Ouch: A 41% Drop in Conforming Jumbos June 9, 2022 John Bancroft The conforming-jumbo share of agency business fell from 7.5% in December to 6.7% in January as the new loan limits took effect...Read More
Rocket Chief Steps Up to the Plate, Buying Shares June 9, 2022 Paul Muolo When a CEO buys shares in his own company, it's a bullish sign...Read More
Fannie/Freddie Sellers Feel the Pinch in May... June 8, 2022 Dennis Hollier June could see an improvement in issuance but it likely won't be huge...Read More
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