Short Takes: loanDepot Tweaks Its Borrowing Facilities / SOFR In, LIBOR Out / Stock Vesting (and Holding) / Another ‘Raiding’ Lawsuit January 5, 2023 Dennis Hollier and Paul Muolo Mortgage insiders have been selling shares in their companies for well over a year now...Read More
As Lending Volumes Swoon, the Top Guns Gain Market Share January 4, 2023 John Bancroft The five largest producers raised their share to 29.5% in the third quarter, up from 28.9% in 2Q22...Read More
When in Doubt, Hold 'Em (First-Liens) December 30, 2022 Namrata Bhatia Wells Fargo, the bank with the largest first-lien portfolio, is still under growth constraints placed on it by the Fed...Read More
Headed Lower: MBS Trading Volumes... December 30, 2022 Paul Muolo In November, just $81.9 billion of MBS backed by single-family loans was issued by Fannie Mae, Freddie Mac and Ginnie Mae.Read More
Short Takes: It’s Over, Finally (2022) / By the Numbers / Once the Rightsizing Is Over… / $1.3 Trillion / Rising Inventory / A Day Off December 30, 2022 Paul Muolo There’s an argument to be made that once the tough job of right-sizing is over, profit margins will once again normalize...Read More
Jumbo Originations Were Not Spared in 3Q, All Channels Suffered December 29, 2022 Namrata Bhatia Jumbo lending through brokers plunged 52.0%...Read More
After a Strong Start Earlier in the Year, HECM Lending Faces a Correction December 28, 2022 Monica Hogan The top three HECM lenders through the first nine months of 2022: American Advisors Group, Mutual of Omaha Mortgage and Finance of America...Read More
MBS Creation Slides for Seventh Consecutive Month December 27, 2022 John Bancroft Securitization rates ran unusually high in 2020 and 2021 because of the epic wave of agency-bound refis...Read More
Headed North (A Little Bit): Residential Delinquencies December 22, 2022 Paul Muolo Bottom line: The readings are not bad and there are few signs of a “credit” problem in the servicing industry...Read More
Banks Immune from the Mortgage Slowdown? Hardly... December 21, 2022 Namrata Bhatia Depositories are not required to report their portfolio-lending activity in their call-report disclosures.Read More
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