Mr. Cooper Stands Out Among Large Servicers in First Quarter May 3, 2024 Brandon Ivey While servicing outstanding ticked up 0.3% in the first quarter, Mr. Cooper's portfolio grew by 14.6%.Read More
Jumbo Correspondent Market Shrinks in 2023 May 2, 2024 James Dohnert Correspondent buyers of jumbos were divided fairly evenly between banks and nonbanks in 2023.Read More
FHA Loans Lead Boost in Ginnie Servicing May 1, 2024 Brandon Ivey Lakeview/Bayview Loan Servicing remained the largest Ginnie servicer and increased its market share in the first quarter.Read More
Annaly Leads Expanded-Credit MBS Issuers in First Quarter April 30, 2024 James Dohnert Onslow Bay issued $2.52 billion of expanded-credit MBS in the first quarter, more than triple its issuance in the prior quarter.Read More
Refi Surge Boosts Ginnie Loan Liquidations in 1Q April 29, 2024 John Bancroft In case you missed it: The VA reported an astronomical increase in its interest rate reduction refinance program in early 2024...Read More
A Pay Cut for loanDepot Chief Martell April 29, 2024 Paul Muolo In 2022, when the lender/servicer posted a net loss of $610.4 million, Martell’s pay package totaled $16.4 million.Read More
Short Takes: An Exchange of One for 100? / About Those Rate Cuts… / Keep on Selling (MSRs) / A Good Time to Be Owned by an HB / A Job Change for Roque April 29, 2024 Paul Muolo One of the largest 1Q24 sequential gains in home lending was had by DHI Mortgage at +21.6%.Read More
Originations Steady in First Quarter, UWM on Top April 26, 2024 Brandon Ivey First-lien mortgage originations remained in a trough in the first quarter of 2024.Read More
Few Major Lenders Managed to Increase Production in 2023 April 25, 2024 Brandon Ivey Originations dropped to varying degrees during the year at all of the top 10 lenders.Read More
Delinquencies on Agency MBS Decline in First Quarter April 24, 2024 Namrata Bhatia The overall delinquency rate across all three agencies declined 36 basis points in the first quarter to 2.78%.Read More
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