Ocwen’s Overseas Headcount Declines Year-Over-Year February 22, 2021 Paul Muolo Ocwen: “Of our foreign-based employees, more than 70% were engaged in our servicing operations"... Read More
A Sequential Setback in 4Q20 but Banks Post Stellar MB Income for FY February 21, 2021 John Bancroft The final lap brought year-to-date earnings to $22.52 billion, a 66.3% gain from 2019.Read More
Angel Oak the Top Contributor to Expanded-Credit MBS in 2020 February 19, 2021 Brandon Ivey Some $2.96 billion of originations by Angel Oak were included in expanded-credit MBS last year. Read More
Banks Gobble Up MBS in 4Q20, BofA Leads the Way February 18, 2021 John Bancroft Bank of America, the largest MBS investor in the banking industry, added $108.26 billion of GSE pass-throughs to its portfolio during the fourth quarter.Read More
A Sequential Profit Drop for loanDepot but Shares Rally February 18, 2021 Talk about a rollercoaster ride: loanDepot came out at $14 a share last week and at one point almost reached $40. Read More
TPO Channels Post Gains at Expense of Retail February 17, 2021 John Bancroft The top retail lender was Quicken, while UWM took top honors in table funding...Read More
The Production Star of 4Q20: Conventional-Conforming February 17, 2021 Lisa Burden Quicken Loans was the top producer of conventional-conforming loans with an estimated $271.55 billion... Read More
AZ Bank in $1 Billion Deal to Buy Nation's Third Largest Correspondent Lender February 16, 2021 Paul Muolo Back in fall, the privately held AmeriHome announced its intentions to go public.Read More
Forbearance Tally Lowest Since April of Last Year February 16, 2021 Paul Muolo MBA cited improvements in Fannie Mae/Freddie Mac and Ginnie Mae loans as the driver behind the better readings.Read More
Despite Employee Buyout Offers, GSE Headcount Keeps Growing February 16, 2021 Paul Muolo The filings also reveal the frustrations the two mortgage giants are having finding experienced workers during the mortgage boom...Read More
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