Short Takes: The Challenge Ahead / Fitch: The MSR Gravy Train May End / FoA, What’s Left? / A Blackstone Company / More Cuts at AO October 12, 2022 Paul Muolo Finance of America went public at $10.00 a share in the spring of 2021, courtesy of its owner, the Blackstone Group...Read More
A Decline in Market Share for High LTV GSE Loans October 10, 2022 Brandon Ivey The tightening on LTV ratios could be tied to home price trends.Read More
Short Takes: About That Housing Bubble / Which States? / Reserve Accounts? / Stop Moping and Start Selling / Cornerstone Completes Acquisition October 10, 2022 Paul Muolo Too much demand and not enough supply meant no housing bubble. Both those days are in the rearview...Read More
Short Takes: 4,000 Mortgage Jobs Disappear / Brokers Hiring? / LO to Broker? / loanDepot Trims Funding Lines / A New CTO for Xome October 7, 2022 Paul Muolo It appears that loan brokerage firms added jobs...Read More
Agency MBS Issuance Took It On the Chin in 3Q22 October 6, 2022 John Bancroft Rocket and UWM ranked first and second, respectively, in terms of MBS issuance through the first nine months of 2022.Read More
Short Takes: A Rate Decline / loanDepot’s Digital HELOC / Working at Home? / Takeover Bait? / Ginnie MSRs Available October 6, 2022 Paul Muolo One investment banker described loanDepot as "takeover bait"...Read More
FHA Cash-Out Refi Share Spikes to 82% October 5, 2022 John Bancroft Some 47,195 endorsements for cash-out deals were recorded by FHA in 2Q22...Read More
Applications Off 14%, a 31% Plunge in Hurricane-Ravaged Florida October 5, 2022 Paul Muolo There's no way to put lipstick on the origination carnage...Read More
Banks Boost 2Q22 MBS/ABS Held in Trading Accounts October 4, 2022 John Bancroft At midyear, bank holding companies valued their agency MBS held for trading at $219.07 billion...Read More
ARM Share Breaks Through the 12% Threshold October 3, 2022 Brandon Ivey The nation's top-three ARM lenders: Bank of America, Chase and Wells Fargo...Read More
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