A Trip to the Debt Well for Freedom Mortgage June 22, 2021 Paul Muolo With rates headed south once again, debt issuance by nonbanks could get one last run...Read More
HECM Production Remains Elevated in 1Q21 June 21, 2021 American Advisor Group was once again the top HECM lender in the nation, originating $1.17 billion of product in 1Q21...Read More
Subservicers Keep Gaining but Worry About Forbearance June 21, 2021 Paul Muolo On the surface, the numbers indicate a steadily growing and profitable niche, but...Read More
Nonbanks Continue to Gain in MSRs, Feasting on Agency Product June 17, 2021 Paul Muolo A trend that's not going away: When it comes to owning MSRs, banks have other ideas...Read More
Loan Repurchases Spike Higher in Bank Mortgage Bank Units June 16, 2021 John Bancroft Most of the jump in bank repurchases in early 2021 came from USAA Federal Saving Bank...Read More
Home Mortgages Playing a Larger Role at SoFi June 15, 2021 Brandon Ivey In 1Q21, the San Francisco-based SoFi originated $735.6 million of mortgages, accounting for 28.9% of total loans produced.Read More
As a Profit Center, Servicing Turns a Corner as Production Profits Recede June 15, 2021 John Bancroft Much of the improvement came from three large nonbank servicers: Rocket Companies, Mr. Cooper Group and New Residential Investment...Read More
A Sign of the Times: Warehouse Commitments Begin to Ebb June 14, 2021 Paul Muolo But as always in the mortgage business, it’s not a matter of where you’ve been but where you’re going...Read More
GSE Business Tumbles in May as Refi Well Runs Dry June 14, 2021 John Bancroft Rate-term transactions, the bread-and-butter of the refi market, declined 33.6% in May. GSE purchases of cash-out refinances fell 18.1% from April.Read More
The Mortgage Employment Bonanza Continues. Signs of Easing? Nope June 11, 2021 Paul Muolo Need more workers to staff your shop? You're not alone...Read More
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