Are the Non-Agency COVID-19 Forbearance Numbers Reliable? July 24, 2020 Brandon Ivey In general, the nature of the non-agency market makes it difficult to standardize practices across the industry, let alone in individual MBS. Read More
Origination Boom Creating ‘Millionaire’ Loan Officers? Yes, Some July 24, 2020 Paul Muolo One mortgage CEO suggested LOs might spend their hard earned money on a new Tesla or maybe a beach house... Read More
The Final (Amazing) Tally for 2Q20: $865 Billion, a 17-Year High July 23, 2020 John Bancroft The top gainer among the 20-largest originators: Guaranteed Rate of Chicago...Read More
A Slight Increase in Mortgage Repurchases by Depositories July 23, 2020 John Bancroft The call-report figures generally track buyback trends documented by Fannie and Freddie, though the bank figures may include repurchases and indemnifications linked to other buyers.Read More
Another Quarterly Loss for New Residential, Originations Suffer July 22, 2020 Paul Muolo NRIC’s mortgage banking affiliate, NewRez, funded $8.3 billion of residential loans in 2Q20, a sequential decline of 27.2%...Read More
The Pandemic Effect? GSE FICO Scores Head North in 2Q20 July 22, 2020 John Bancroft Mortgages with credit scores of 740 and up accounted for 72.69% of GSE refi business, up from 65.55% in the first quarter. Read More
The Pandemic Effect: A New Record High in Consumer Complaints July 21, 2020 Yemeng Yang The mortgage sector, which has been saddled with pandemic-related forbearance issues, has fallen off the complaint curve...Read More
Mortgage Forbearance Cases Drift Lower Despite Increasing Infections, Economic Uncertainty July 20, 2020 Even loans that fall into the “other” category (portfolio and private-label loans mostly) dropped: 10.41% from 10.93% on July 5.Read More
Quicken Takes No Prisoners in 2Q20, Funds a Record $72.3 Billion. Parent Reports Stellar Earnings July 20, 2020 Brandon Ivey After overtaking Wells in the first quarter of 2020 as the top lender in the nation, Quicken widened its lead.Read More
MBS Trading Volumes Slip as Rates Keep Falling July 20, 2020 Paul Muolo But all that’s out the window. Each week, rates are testing new lows... Read More
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