Finance of America Swings to a Profit in Third Quarter November 9, 2021 Brandon Ivey While FoA is originating many more traditional mortgages than reverse mortgages, much of the lender's profits are coming from reverses...Read More
AmWest Funding Tops Expanded-Credit MBS Contributors in 3Q21 November 8, 2021 Brandon Ivey Among the major contributors to expanded-credit MBS, Sprout and HomeXpress Mortgage had the biggest jumps in securitized loans...Read More
Mortgage Hiring Up Ever So Slightly This Fall. However… November 8, 2021 Paul Muolo Lenders and brokers continue to maintain their payrolls, but staff reductions could be on the horizon...Read More
Agency MBS Volume Ebbs in October Despite Refi Bump November 5, 2021 John Bancroft Fannie was the only agency to boost volume last month as new issuance rose 2.1%.Read More
A Strong Profit for Rocket, Originations Up 5%. MSR Sales Too November 4, 2021 Paul Muolo Rocket ended the July-September period with $521.0 billion of mortgage servicing rights on its books, up 2.8% sequentially...Read More
Nonbanks Tighten Their Grip on the Servicing Market November 4, 2021 John Bancroft The Inside Mortgage Finance top-50 tally at Sept. 30: Nonbanks $4.03 trillion of MSRs, depositories $3.83 trillion...Read More
A Sigh of Relief for Gain-on-Sale. However... November 4, 2021 Paul Muolo The reason loanDepot did so well: The company relies mostly on retail production where the profit margins are reliably fatter.Read More
A Strong Earnings Turnaround for Home Point as Firm Sells MSRs, Pays Dividend November 4, 2021 Paul Muolo The lender's gain-on-sale margin totaled 84 basis points compared to just 58 bps in the second quarter.Read More
Slump in Agency Business Hit All Insurance Sectors November 3, 2021 John Bancroft The shift in loan purpose generally had the biggest impact on VA and uninsured volume.Read More
Trouble Ahead? An Unsightly Increase In Early-Stage Delinquencies November 2, 2021 John Bancroft The government-insured market was under more pressure...Read More
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