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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...
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Large Nonbanks Increase Their Servicing Share

August 2, 2024
Brandon Ivey
In owned servicing — which tracks the owners of mortgage servicing rights and whole-loan portfolios — the nonbank share increased from 55.9% as of the end of March to 56.9% at the end of June.
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Large Nonbanks Gain GSE Servicing Share in Second Quarter

August 1, 2024
Dennis Hollier
At the end of June, large nonbanks accounted for 39.0% of all government-sponsored enterprise servicing, up from 37.6% in March.
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FHA Share in Purchase-Mortgage Market Declines

July 31, 2024
Brandon Ivey
GSE purchase-mortgage volume — both with private mortgage insurance and without private MI — increased at a faster pace in the second quarter of 2024 than FHA purchase-mortgage business.
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A Strong Quarter for Newrez — Thanks to MSRs

July 31, 2024
Paul Muolo
At mid-year, Newrez owned $596 billion of servicing rights with an additional $214 billion of subservicing contracts on its books.
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Newer Players Help to Boost Home Equity Loan Securitization

July 30, 2024
Brandon Ivey
Issuers that weren’t active in the first quarter accounted for 43.5% of the home equity securitization volume seen in the second.
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Mortgage-Related Complaints to CFPB Decline in 2Q

July 30, 2024
Shannon Clark
Some 4,998 mortgage-related complaints were received by the bureau in the second quarter, an 11.5% decline from the prior period.
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Servicing Transfers More Than Double in 2Q and Then Some

July 29, 2024
John Bancroft
More than half of the second-quarter bulk deals were attributable to two buyers: Mr. Cooper Group and Lakeview...
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Short Takes: If You Have ‘Em (MSRs), Smoke ‘Em / Share Price / Using Subs / Who Do You Admire? / Eye on the 10-Year Treasury

July 29, 2024
Paul Muolo
A blunt question for managers: Which of your competitors do you admire?
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Originations Up Slightly in First Half of 2024

July 26, 2024
Brandon Ivey
Originations in the first half of 2024 increased by 4.1% compared with the first half of 2023.
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Latest Imf News

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Featured Data

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