Slow Growth for Most Subservicers. A Shakeup Ahead? December 6, 2022 Paul Muolo Three of the nation’s top 15 subservicing vendors are in the process of being sold or merged...Read More
Servicing Paddles Harder to Keep Lenders Afloat in 3Q December 5, 2022 John Bancroft Three of the 22 companies reported net losses on production...Read More
REITs Report Small Gain in Residential MBS in 3Q December 2, 2022 John Bancroft Annaly remained the top REIT MBS holder with $81.88 billion at Sept. 30...Read More
Short Takes: Brokers Face the Layoff Ax Too / Wells Won’t Say / UWM’s Ishbia: Cut the FHA MIP Now / More Repo (Warehouse) Lines Reduced December 2, 2022 Paul Muolo and Monica Hogan A Wells spokesman would not provide specifics on the mortgage layoffs...Read More
An Increase in Purchase Lending? That's Correct December 1, 2022 John Bancroft The top three purchase lenders through the first nine months of 2022: UWM, Wells Fargo and PennyMac Financial...Read More
Mr. Cooper Chief Cashes In Some of His Holdings December 1, 2022 Paul Muolo Mr. Cooper's share price has held up reasonably well compared to most of its nonbank peers...Read More
Non-Agency Jumbo Lending Takes a Market Share Hit November 29, 2022 Namrata Bhatia Near the end of the third quarter, the average interest rate on a 30-year fixed-rate jumbo was 6.384%...Read More
Bank ABS Holdings Decline Again in 2022 Third Quarter November 29, 2022 John Bancroft TD Bank was the biggest ABS investor overall...Read More
Retail Slumps, Third-Party Lenders Gain Ground in a Tough Market November 28, 2022 John Bancroft In 3Q22, refi accounted for just 25.6% of agency retail loans...Read More
Delinquencies Fall Yet Again, Reaching an All-Time Low November 23, 2022 Andras Malatinszky Mortgage late payments were down in all default categories in 3Q22, with the exception of the 60-90-day bucket...Read More
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