Short Takes: Ginnie Capital Standards and MSR Sales? / A Successful Auction of Fannie MSRs / Home Point’s New Low / Young Mortgage Firms? / Banks as Wholesalers? August 30, 2021 Paul Muolo The Dow can be unforgiving on nonbank mortgage stocks...Read More
REIT MBS Holdings Slide as Firms Diversify Investments August 27, 2021 John Bancroft Fun fact: The top three "'mREITs" all reported declines in their MBS portfolios. AGNC Investment held the top ranking...Read More
Correspondent Platforms Took the Biggest Hit in 2Q21 August 26, 2021 John Bancroft The nation's three largest retail lenders during 2Q21: Rocket Mortgage, Wells Fargo Bank and loanDepot...Read More
loanDepot Secures Borrowing Facility with Bank of America August 26, 2021 Paul Muolo The credit line, in the form of a master repurchase agreement, was signed on Aug. 20 and expires Sept. 27.Read More
The (Large) Servicer Delinquency Rate Falls to 4.56% August 26, 2021 Brandon Ivey Residential delinquencies declined across different buckets, led by borrowers who were more than 90 days past due...Read More
The Final Tally: Nonbank Earnings Plummet as Margins Shrink in 2Q August 25, 2021 John Bancroft Nonbank earnings season is over. The bottom line: profits fell, but that was to be expected. The big question: Where do we go from here?Read More
As Summer Comes to An End, Applications Rise August 25, 2021 Paul Muolo The FHA share of total applications increased to 11.0% of the pie compared to 9.4% the week prior...Read More
Banks Change Course and Add Servicing-for-Others. However... August 24, 2021 John Bancroft Federally insured depositories reported $3.088 trillion of servicing-for-others at June 30, mostly representing loans residing in MBS trusts...Read More
Mr. Cooper Reveals Potential Stock Sales by Chairman/CEO August 24, 2021 Paul Muolo The 10b5-1 plan was designed to comply with SEC rules and the lender's insider trading policies and guidelines.Read More
New Tally Offers More Proof of a Decline in Lending Profits August 24, 2021 Paul Muolo Say it ain't so, Joe: Origination profits per loan continue to decline...Read More
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