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The Unthinkable: Some Originators Lost Money in March

May 10, 2021
Paul Muolo

Joe Garrett: “Companies that don’t seem to get too agitated about the occasional loss, and we’ve seen too many of them, seem to have more and larger losses than those companies that are obsessive about not losing money.”


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AmWest Top Contributor to Expanded-Credit MBS in First Quarter

May 10, 2021
Brandon Ivey

AmWest originates a variety of loans through all three lending channels, with an emphasis on TPO...


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Another Loss for Impac, Firm ‘Reengages’ with Non-QM Market

May 7, 2021
Paul Muolo

Personnel expenses at Impac increased 12.8% to $14.9 million...


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A Sharp (and Welcome) Decline in Ginnie Delinquencies

May 7, 2021
John Bancroft

Late payment rates peaked in June at 11.82% as borrowers struggled with the impact of the pandemic on economic activity.


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Slow Growth in the Servicing Arena, Wells Stills Leads the Pack

May 6, 2021
John Bancroft

Wells Fargo once again ranked first, followed by Cenlar, JPMorgan Chase, Mr. Cooper and Quicken Loans...


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Rocket Posts Strong Results for 1Q21 but Share Price Gets Clobbered

May 5, 2021
Paul Muolo

One bit of positive news: the company marked up the asset value of its MSRs by a stunning $1.44 billion to $4.31 billion, a 50.3% sequential improvement.


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Lower Earnings for Radian as NIW Declines in 1Q

May 5, 2021
Paul Muolo

Radian's MI provision for losses fell to $45.9 million in 1Q21 from $56.3 million in the fourth quarter.


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Yet Another New Record for Agency MBS Issuance

May 5, 2021
John Bancroft

More gas left in the MBS tank? Certainly looks that way...


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CFPB: Minorities Slammed by Forbearance

May 4, 2021
Lisa Burden

Mortgage complaints mentioning forbearance have reached their highest monthly average since March and April 2020...


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Banks Report Slightly Higher Mortgage Income for 1Q21

May 4, 2021
John Bancroft

A diverse group of 21 commercial banks and savings institutions reported $3.75 billion of mortgage-banking income for 1Q21, a 1.7% improvement from the fourth quarter.


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