HECM Lending Fizzles to Pre-Pandemic Levels June 6, 2023 Andras Malatinszky Production in the segment has been driven by three fluctuating macroeconomic forces: mortgage rates, inflation and housing prices.Read More
Loan Brokers Add Jobs, Mortgage Bankers Cut Some June 6, 2023 Paul Muolo At April 30, loan brokers employed 114,700 full timers.Read More
A Not-So-Bad Decline in 1Q23 EC Production June 5, 2023 Brandon Ivey The top three expanded-credit volume leaders in 1Q23: Citibank, U.S. Bank and Deephaven...Read More
Subservicing Growth Stalls in 1Q23 June 5, 2023 Paul Muolo A handful of mid-sized players are in the process of being sold...Read More
Purchase-Mortgage Share Hits 85% in First Quarter June 2, 2023 John Bancroft The purchase-mortgage share is growing as refinance business dwindles.Read More
Mortgage Income at Nonbanks Choppy in First Quarter May 31, 2023 John Bancroft Half of the 16 public nonbanks posted losses in the first quarter.Read More
Commingled Issuance From GSEs Remains Suppressed May 30, 2023 John Bancroft A reduction in the commingle fee that applies to the GSEs helped to increase such issuance somewhat in April.Read More
Correspondent Channel Gains Share Even with Wells’ Exit May 26, 2023 John Bancroft Wells reported just $980 million in correspondent production in the first quarter, effectively leaving about $4.5 billion on the table for others.Read More
Higher-Priced Mortgage Volume Ticks Up in 2022 May 25, 2023 James Dohnert Non-agency higher-priced mortgages are a proxy for subprime loans.Read More
FHA, VA Lending Slows Further in First Quarter May 24, 2023 Monica Hogan Both purchase-mortgage originations and refis declined at FHA and VA in the first quarter.Read More
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