More Red Ink for loanDepot, GOS Slips to 145 BPs March 9, 2023 Paul Muolo The Irvine, CA-based lender/servicer — like most originators — has been slashing staff and other costs...Read More
Subservicing Growth Tepid in 4Q22. A Temporary Lull? March 8, 2023 Paul Muolo Data point: Roughly 31% of all residential loans are subserviced by a vendor that doesn't own the servicing "strip"...Read More
February, a Tough Month for GSE Loan Sales March 6, 2023 Dennis Hollier The top three sellers for February: UWM, PennyMac Financial and Rocket Mortgage...Read More
FTHBs Catch a Bit of a Break, but DTIs Rise March 6, 2023 John Bancroft The average FTHB debt-to-income ratio rose to 40.6% in the fourth quarter...Read More
For Banks and Thrifts, a Downward Path for Mortgage Earnings March 6, 2023 Namrata Bhatia JPMorgan Chase made a sharp reversal into the black...Read More
Another Ugly Reading for Mortgages: February MBS Issuance Hits 18-Year Low March 3, 2023 John Bancroft For the sixth month in a row, Ginnie was the top agency issuer...Read More
Commingle Activity Remains Limited in Second-Level MBS from GSEs March 2, 2023 John Bancroft FHFA's plans to reduce the fee on commingled securities from the GSEs followed another quarter with limited commingling.Read More
A (Relatively) Small Loss for UWM, Company Sees GOS Rising for 1Q23 March 1, 2023 Paul Muolo The fair value of UWM's MSR portfolio fell by $150.8 million during the fourth quarter.Read More
A Large 4Q22 Loss for Market Leader Rocket, Revenue Plunges 63% Sequentially March 1, 2023 Paul Muolo Rocket recorded fair value changes of $407 million on its mortgage servicing portfolio for the fourth quarter.Read More
A Slightly Faster Decline for Jumbo Lending March 1, 2023 Brandon Ivey Truist saw its jumbo volume plunge by 72.5% in the fourth quarter.Read More
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