Purchase Lending Bolsters Primary MI Volume in 1Q22 May 12, 2022 John Bancroft Refi volume for private MIs plunged 33.9% on a quarterly basis to just $6.66 billion, or just 4.9% of NIW written.Read More
Lower Earnings at Home Point as MSR Sales Buffer the Pain May 12, 2022 Paul Muolo Home Point's gain-on-sale margin came in at 61 basis points, a slight improvement over the October-December period...Read More
Nonbanks Book Historic Gains on Their MSR Assets May 12, 2022 Paul Muolo The MSR "cookie jar" has been tapped...Read More
Is loanDepot in Play? No Strategic Review Underway May 11, 2022 Paul Muolo and Brandon Ivey In trading Wednesday, loanDepot's shares were up slightly on the day after falling to a new 52-week low of $2.00 a unit on Tuesday.Read More
Consumer Complaints Surge in the First Quarter of 2022 May 11, 2022 Sam Manas Year-over-year, overall consumer gripes were up 39.7%, but mortgages...Read More
A 1Q Earnings Gain for Rocket. Reason: (You Guessed It) MSR Mark Ups May 11, 2022 Paul Muolo Rocket's MSRs accounted for 25.4% of its asset base at March 31 compared to 16.4% at yearend.Read More
UWM Taps the MSR Markup ‘Well’ and Reports a Strong Profit for 1Q May 10, 2022 Paul Muolo UWM anticipates second quarter production of $26.0 billion to $33.0 billion and a GOS of 75 to 99 bps.Read More
Former Freddie CEO Suggests Some Price Gouging was Occurring During the Pandemic May 10, 2022 Dennis Hollier In a recent blog posting, the former Freddie chief used MBA profitability data to make his argument...Read More
As Deliveries Decline, GSE Seller/Servicers Loosen the Credit Box May 9, 2022 Dennis Hollier All of the top 10 GSE sellers saw their deliveries decline both sequentially and year to date.Read More
The Tea Leaves: April MBS Issuance Continues the Downward Trend May 6, 2022 John Bancroft April MBS issuance volume, which reflects originations, was the lowest monthly output since March 2020, just before the Fed launched a historic surge in refi activity.Read More
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