CrossCountry Leads Contributors to Expanded-Credit MBS April 24, 2025 Brandon Ivey CrossCountry contributed $942.1 million in loans to expanded-credit MBS issued during the first quarter of 2025.Read More
PennyMac's Lending, Profits Decline in First Quarter April 23, 2025 Paul Muolo PennyMac Financial earned $76.3 million in the first quarter of 2025, down 27.0% from the fourth quarter.Read More
A Drop in FHA/VA Lates But Worries Persist April 21, 2025 Emmeline Willey “Conventional delinquencies remain near historical lows, but FHA and VA delinquencies are increasing at a faster pace,” MBA noted.Read More
A $21 Million-Plus Comp Package for Rithm’s CEO April 21, 2025 Paul Muolo Rithm would like to spin off Newrez but, in general, the market hasn’t been treating mortgage equities very well these days.Read More
Delinquencies on Agency MBS Decline in First Quarter April 17, 2025 Brandon Ivey It’s the third year in a row that delinquencies declined in the first quarter following an increase the previous quarter.Read More
Originations Down at U.S. Bank, Mortgage Profits Increase April 16, 2025 Paul Muolo At March 31, USB serviced $216.7 billion of one- to four-family mortgages, almost flat compared to yearend.Read More
BofA, Citi, PNC Report Sizeable Origination Declines April 15, 2025 Paul Muolo The home lending business was not a pretty place to be January-March.Read More
Large Nonbank Share of GSE MBS Issuance Increases April 15, 2025 Dennis Hollier Large nonbanks accounted for 52.6% of mortgages delivered to the government-sponsored enterprises in the first quarter of 2025.Read More
Servicing Sales Decline by Almost 43% in 1Q25 April 14, 2025 John Bancroft Onslow Bay Financial, a subsidiary of Annaly, was the biggest buyer of MSRs in the first three months of 2025.Read More
Short Takes: A Better Deal for Better / Giving Up Some Cash / MBS Prices? / A Strike by Investors? April 14, 2025 Paul Muolo At yearend 2024, Better had $211.1 million of cash on its balance sheet, down from $503.6 million 12 months earlier.Read More
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