Fannie/Freddie CRT Issuance Plummets in 3Q22 November 9, 2022 Dennis Hollier The 58.2% sequential decline in aggregate CRT issuance was the sharpest decline since the start of the pandemic...Read More
loanDepot Says 4Q Lending Could Fall to Just $4 Billion November 9, 2022 Paul Muolo CEO Frank Martell: "We are excited about the launch of our digital HELOC"...Read More
Another Earnings Bloodbath for Finance of America November 9, 2022 Paul Muolo FoA is down to $169 million of cash and cash equivalents...Read More
3Q Results: GSEs Set Aside $4.3B to Cover Declining Home Values November 8, 2022 Dennis Hollier and Paul Muolo Fannie boosted its net worth position to $58.8 billion. Freddie’s reading came in at $35.2 billion...Read More
Angel Oak REIT Posts a $83M Loss for 3Q, Cites Negative Asset Marks November 8, 2022 Paul Muolo AOM purchased $62.4 million of non-QMs with a weighted average coupon of 7.1% in the third quarter...Read More
Mortgage Lenders Chopped 8,200 Jobs in September; Non-QM Shop Athas Closes November 8, 2022 Paul Muolo Compared to a year ago, firms characterized by the BLS as “real estate credit” have shed 35,700 workers.Read More
Depositories Report Weakening Mortgage Banking Income November 7, 2022 John Bancroft JPMorgan Chase was the top earner among the group with $313 million in mortgage fees and related income...Read More
Agency MBS Issuance Still Searching for a Bottom, October Volume Down 19% November 4, 2022 John Bancroft The top agency issuers in October: UWM, PennyMac and Rocket Mortgage...Read More
MSRs Aid UWM’s 3Q Results but GOS Falls to 52 BPs and May Drop Further November 4, 2022 Paul Muolo Even though UWM grew originations in 3Q, loan production income fell to $172.4 million...Read More
Red Ink for Rocket Mortgage in 3Q22, GOS Falls to 269 BPs November 4, 2022 Paul Muolo Rocket's gain-on-sale margin slipped to 269 basis points in the third quarter from 292 bps in 2Q22... Read More
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