A New Yearly High for the 10-Year; Applications Tumble, LOs Weigh In… February 24, 2021 Paul Muolo Of course, just because the 10-year moves that doesn’t mean mortgage rates will follow in lockstep.Read More
Higher Originations, Lower Net Earnings for Mr. Cooper. MSR 'Mark' at 100 BPs February 23, 2021 Paul Muolo Mr. Cooper originated $24.5 billion of mortgages, a handsome 56.2% improvement from 3Q20.Read More
MFA Financial's 4Q Profit No Match for COVID Losses in 2020 February 23, 2021 Brandon Ivey MFA Financial took a large loss in 2020. Overall, the company didn't acquire many non-QMs during the fourth quarter...Read More
A Spike in GSE Loan Buyback Requests February 22, 2021 John Bancroft There was another $728.4 million of unresolved buyback demands still pending at the end of the fourth quarter...Read More
Rates Rise and MBS Trading Takes Off Like a Rocket February 22, 2021 Paul Muolo MBS has been a favorite of institutional investors during these troubled times...Read More
Ocwen’s Overseas Headcount Declines Year-Over-Year February 22, 2021 Paul Muolo Ocwen: “Of our foreign-based employees, more than 70% were engaged in our servicing operations"... Read More
A Sequential Setback in 4Q20 but Banks Post Stellar MB Income for FY February 21, 2021 John Bancroft The final lap brought year-to-date earnings to $22.52 billion, a 66.3% gain from 2019.Read More
Angel Oak the Top Contributor to Expanded-Credit MBS in 2020 February 19, 2021 Brandon Ivey Some $2.96 billion of originations by Angel Oak were included in expanded-credit MBS last year. Read More
Banks Gobble Up MBS in 4Q20, BofA Leads the Way February 18, 2021 John Bancroft Bank of America, the largest MBS investor in the banking industry, added $108.26 billion of GSE pass-throughs to its portfolio during the fourth quarter.Read More
A Sequential Profit Drop for loanDepot but Shares Rally February 18, 2021 Talk about a rollercoaster ride: loanDepot came out at $14 a share last week and at one point almost reached $40. Read More
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