Short Takes: Rocket Hikes Conforming Loan Limits for Brokers / A Drop in New Business / Texas Capital Selling Sub for $3.4B / The Top Three EC Shops / A New Hire for Blend September 7, 2022 Paul Muolo Rocket ups its game in wholesale...Read More
A Bright Spot Appears: The HECM Niche September 6, 2022 Refinances accounted for more than half the volume...Read More
Conventional FRMs Headed to 6% and Then Some? September 6, 2022 Paul Muolo BTIG: "Investors appear to be still feeling their way around the accelerated wind-down of the Fed's balance sheet"...Read More
Mixed Signals on Non-QM Impairments September 6, 2022 Brandon Ivey The impairment rate measures delinquent mortgages and modified loans...Read More
Another Month, Another Reduction in Mortgage Jobs. Home Point Trims Staff… September 2, 2022 Paul Muolo For the cycle, mortgage banking employment peaked in June 2021 at 297,600 positions...Read More
Expanded-Credit Lending Holds Up in Tough 2Q22 September 2, 2022 Brandon Ivey Top-ranked Citibank nearly doubled its expanded-credit production from the first to second quarter...Read More
Measuring Nonbank Health by Stock and Debt September 2, 2022 Paul Muolo Of the six companies new to the public market, two are trading under $2.00 a share, two others are trading under $4.00...Read More
Production and Servicing Profits Take a Hit in 2Q August 31, 2022 Namrata Bhatia The reason for the weak quarter: plunging originations and stiff competition...Read More
Bank MSR Values the Highest Since 4Q 2005 August 30, 2022 Namrata Bhatia At June 30, banks assigned a market value of $47.72 billion to their MSRs, up 8.8% from March...Read More
Subservicing Growth Faces Headwinds August 29, 2022 Paul Muolo At June 30, subservicing vendors handled the monthly processing chores on 31.5% of all residential mortgages...Read More
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