Servicing Income Returns to Earth in First Quarter June 10, 2025 John Bancroft Rithm Capital eked out a $28.9 million profit on servicing in the first quarter, but that was down by more than $1 billion from the prior period.Read More
Green Shoots for GSE MBS Issuance. However... June 9, 2025 Paul Muolo The GSEs lost share to FHA and bank portfolios. Freddie Mac accounted for almost all of the decline.Read More
It’s Late Spring and Mortgage Hiring Is Muted June 9, 2025 Paul Muolo Unfortunately, the federal government’s figures offer no breakdown on production and servicing-related mortgage jobs.Read More
Retail Share of Originations Ticks Down in First Quarter June 6, 2025 Brandon Ivey The first three months of 2025 marked the third consecutive quarter in which the retail channel accounted for less than 50% of total originations.Read More
Jumbo Share of Originations Increases in First Quarter June 4, 2025 Brandon Ivey An estimated $49.0 billion of non-agency jumbos were originated in the first quarter of 2025.Read More
Second-Level MBS Issuance by GSEs Slows in First Quarter June 3, 2025 John Bancroft Supers MBS repackage smaller securities with similar characteristics to make management of the assets more efficient.Read More
Cost Cutting Is Over? Nope, Not Yet June 2, 2025 Paul Muolo The Garrett, McAuley & Co. consulting firm believes the home-lending industry "probably needs to cut costs even more.”Read More
Short Takes: Dimon's Warning / Trading in a Tight Range / Fraud, but a Criminal Probe? / More Sellers Than Buyers / A Proposed Change in Underwriting Requirements June 2, 2025 Paul Muolo and Abby Zimmardi A sea change in the housing market? Sellers outnumbering buyers?Read More
Nonconforming Market Leads Gains in First Quarter May 30, 2025 Brandon Ivey Jumbos contributed to the uptick in nonconforming lending during the reporting period.Read More
Profits at Federal Home Loan Banks Decline in First Quarter May 29, 2025 Dennis Hollier Among the top 10 FHLB borrowers, only one added to its tally of outstanding advances in the first quarter.Read More
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