3Q Red Ink Expected for Public-Bound Better.com. A Reorg As Well… November 15, 2021 Paul Muolo The firm estimates its gain-on-sale margin improved to as high as 197 basis points in 3Q compared to 162 bps in the second quarter.Read More
Commercial MBS Issuance Declines Again in 3Q21 November 15, 2021 John Bancroft Production was down in both non-agency CMBS and agency multifamily MBS...Read More
The Roundup: Nonbank Earnings Rally in 3Q21, GOS Margins Widen November 15, 2021 John Bancroft The industry wasn’t exactly partying like it was 2020, but last year was a hard act to follow.Read More
Delinquency Rate Ticks Up in Third Quarter. Meaning? November 12, 2021 Brandon Ivey Reasons? Many borrowers are reaching the end of their forbearance periods...Read More
Loan Officers Earning Less Money These Days November 12, 2021 Monica Hogan On average, LOs facilitated 32% less refi volume in the third quarter, with $900,000 in refi production per month.Read More
Private MIs Gain Share in Slumping 3Q21 Market November 11, 2021 John Bancroft New primary MI on purchase-money mortgages was up from the second quarter. Private MIs reported a 4.2% increase to $134.22 billion...Read More
An Earnings Rebound for Guild Amid Stronger Originations, Weaker GOS November 11, 2021 Paul Muolo In 3Q21, 61% of Guild's fundings were purchase-related as opposed to refis...Read More
Mortgage-Related Complaints Fall Across the Board November 10, 2021 Brandon Ivey Complaints regarding loan closings declined at the fastest rate during the third quarter...Read More
Mods Keep FHA Ahead of VA in New Ginnie MBS November 9, 2021 John Bancroft Loan modifications played a big part in keeping the FHA program the top provider of Ginnie loans.Read More
UWM’s 3Q: Record Originations, Improved Earnings and a Swipe at its Competitors November 9, 2021 Paul Muolo The Pontiac, MI-based lender is forecasting 4Q originations of $52.0 billion to $60.0 billion and a GOS of 85 to 105 bps.Read More
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