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
A Strong Profit for Rocket, Originations Up 5%. MSR Sales Too November 4, 2021 Paul Muolo Rocket ended the July-September period with $521.0 billion of mortgage servicing rights on its books, up 2.8% sequentially...Read More
Nonbanks Tighten Their Grip on the Servicing Market November 4, 2021 John Bancroft The Inside Mortgage Finance top-50 tally at Sept. 30: Nonbanks $4.03 trillion of MSRs, depositories $3.83 trillion...Read More
A Sigh of Relief for Gain-on-Sale. However... November 4, 2021 Paul Muolo The reason loanDepot did so well: The company relies mostly on retail production where the profit margins are reliably fatter.Read More
A Strong Earnings Turnaround for Home Point as Firm Sells MSRs, Pays Dividend November 4, 2021 Paul Muolo The lender's gain-on-sale margin totaled 84 basis points compared to just 58 bps in the second quarter.Read More
Slump in Agency Business Hit All Insurance Sectors November 3, 2021 John Bancroft The shift in loan purpose generally had the biggest impact on VA and uninsured volume.Read More
Trouble Ahead? An Unsightly Increase In Early-Stage Delinquencies November 2, 2021 John Bancroft The government-insured market was under more pressure...Read More
A Strong 3Q21 Showing for New Residential as GOS Heads North November 2, 2021 Paul Muolo At Sept. 30, New Residential valued its portfolio of mortgage servicing rights at $6.56 billion...Read More
Banks Report Solid Gain in Mortgage Income in 3Q November 1, 2021 John Bancroft Although new originations and loan sales declined from the second quarter, many firms said gain-on-sale margins improved.Read More
Freddie Sees 3Q21 Growth Spurt, Bulk MSR Deals Up November 1, 2021 John Bancroft Large mortgage bankers recorded a 5.2% gain in GSE servicing, while small- and mid-sized companies posted an 8.7% gain....Read More
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