Another Tough Quarter for loanDepot March 13, 2024 Paul Muolo Companywide, revenue last year came in at $974.0 million, down 22.3% from 2022.Read More
Mortgage Earnings at Large Nonbanks Plummet in 4Q March 12, 2024 John Bancroft Earnings from mortgage banking declined by 60.2% among 14 publicly traded nonbanks in the fourth quarter.Read More
A Refi Wavelet in February Gives Hope to a Market Turnaround March 11, 2024 Paul Muolo The top three MBS issuers in February: UWM, PennyMac and Rocket Mortgage.Read More
Mortgage Hiring Remains Elusive March 11, 2024 Paul Muolo At Jan. 31, mortgage bankers employed 186,000, the lowest reading in a decade.Read More
Media Coverage a Factor in Home Prices? Maybe March 11, 2024 Dennis Hollier One researcher concluded that state-level media coverage can help predict the movement in home prices.Read More
Jumbo Share of Originations Drops in 2023 March 8, 2024 John Bancroft Jumbo mortgages accounted for 14.7% of total first-lien originations in 2023, the lowest share for the sector since 2010.Read More
Bank Holdings of ABS Jump in Fourth Quarter With BMO’s Move March 7, 2024 John Bancroft Must of the increase in bank ABS holdings seen during the fourth quarter of 2023 was due to a portfolio securitization at BMO Harris Bank.Read More
Expanded-Credit Sector Gains Some Market Share March 6, 2024 James Dohnert Production of expanded-credit mortgages declined 16.9% last year, while total first-lien originations dropped 40.6%.Read More
FHA, VA Lending Declines in Fourth Quarter March 5, 2024 Monica Hogan Combined, FHA and VA lending declined by 17.7% in the fourth quarter.Read More
REIT Holdings of MBS Decline in Fourth Quarter March 4, 2024 John Bancroft REIT holdings of MBS declined by 2.7% in the fourth quarter of 2023.Read More
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