Loan Officers Earning Less Money These Days November 12, 2021 Monica Hogan On average, LOs facilitated 32% less refi volume in the third quarter, with $900,000 in refi production per month.Read More
Private MIs Gain Share in Slumping 3Q21 Market November 11, 2021 John Bancroft New primary MI on purchase-money mortgages was up from the second quarter. Private MIs reported a 4.2% increase to $134.22 billion...Read More
An Earnings Rebound for Guild Amid Stronger Originations, Weaker GOS November 11, 2021 Paul Muolo In 3Q21, 61% of Guild's fundings were purchase-related as opposed to refis...Read More
Mortgage-Related Complaints Fall Across the Board November 10, 2021 Brandon Ivey Complaints regarding loan closings declined at the fastest rate during the third quarter...Read More
Mods Keep FHA Ahead of VA in New Ginnie MBS November 9, 2021 John Bancroft Loan modifications played a big part in keeping the FHA program the top provider of Ginnie loans.Read More
UWM’s 3Q: Record Originations, Improved Earnings and a Swipe at its Competitors November 9, 2021 Paul Muolo The Pontiac, MI-based lender is forecasting 4Q originations of $52.0 billion to $60.0 billion and a GOS of 85 to 105 bps.Read More
Finance of America Swings to a Profit in Third Quarter November 9, 2021 Brandon Ivey While FoA is originating many more traditional mortgages than reverse mortgages, much of the lender's profits are coming from reverses...Read More
AmWest Funding Tops Expanded-Credit MBS Contributors in 3Q21 November 8, 2021 Brandon Ivey Among the major contributors to expanded-credit MBS, Sprout and HomeXpress Mortgage had the biggest jumps in securitized loans...Read More
Mortgage Hiring Up Ever So Slightly This Fall. However… November 8, 2021 Paul Muolo Lenders and brokers continue to maintain their payrolls, but staff reductions could be on the horizon...Read More
Agency MBS Volume Ebbs in October Despite Refi Bump November 5, 2021 John Bancroft Fannie was the only agency to boost volume last month as new issuance rose 2.1%.Read More
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