GSE Loan Sales Ease in July Despite Looser Underwriting August 12, 2024 Dennis Hollier Among the top 10 GSE loan sellers in July, just one was a federally insured depository: U.S. Bank.Read More
Short Takes: Merger Talks? / A Lack of MSRs to Buy / About That Rate Cut… / Getting Better? / A New CIO for Truist August 12, 2024 Paul Muolo It was just about a year ago that mortgage fintech Better Home & Finance pulled off its initial public offering of stock...Read More
Private MI Companies Gain Share in Second Quarter August 9, 2024 John Bancroft Radian Guaranty ranked first among private MIs in new insurance written, posting a 20.5% increase to $13.89 billion in the second quarter.Read More
Bulk Sales of Ginnie MSRs Jump in Second Quarter August 8, 2024 Brandon Ivey Some $63.39 billion of MSR on Ginnie MBS were transferred in the second quarter of 2024, up from $24.22 billion in the prior period.Read More
Liquidations From Ginnie MBS Increase in 2Q August 7, 2024 Brandon Ivey Halfway through 2024, Lakeview/Bayview Loan Servicing was the leader in removals from Ginnie MBS, with $11.33 billion.Read More
Nonbank Lenders Push Up Prime Non-Agency MBS Issuance August 6, 2024 James Dohnert Nonbanks increased their contributions to prime non-agency MBS issued in the second quarter as Chase pulled back somewhat.Read More
GSEs’ Mortgage Portfolios Increase in Second Quarter August 6, 2024 Dennis Hollier Holdings of both mortgage-backed securities and mortgages rose in the quarter, with MBS totals up 5.9% and mortgages up 4.1%.Read More
UWM Cashes In its MSR Chips August 5, 2024 Paul Muolo One of UWM's most frequent customers is Lakeview Loan Servicing.Read More
More of the Same: Mortgage Bankers Cut Jobs, Brokerage Shops Add August 5, 2024 Paul Muolo During the refi boom of 2021, mortgage banking employment was roughly 8,000 jobs shy of 300,000...Read More
Short Takes: Tumble Time / An Emergency Rate Cut This Week? / Rocket Moves Closer to IPO Price / SoFi’s Originations / More Borrowing Power for loanDepot August 5, 2024 Paul Muolo loanDepot recently tweaked a line of credit it has with a consortium of megabanks...Read More
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