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Short Takes: For the Good Times… / Legs to It? / MBA’s Profitability Reading: $4,548 Per Loan / Expenses Actually Decline / Losses Remain on the Servicing Side of the Aisle / New Hires at a GSE-Owned Company

September 2, 2020
Paul Muolo

Lenders are minting money these days, servicers not so much...


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Mr. Cooper on Track to Add 5,000 Employees This Year

September 2, 2020
Brandon Ivey

Mr. Cooper plans to increase its staff by more than 50% this year, with many of the hires focused on mortgage originations.


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Not Only are Home Lenders Thriving, So Are Their LOs

September 2, 2020
Maria Volkova

LOs earned 59% more in the second quarter of 2020 compared to the same period a year ago, according to figures compiled by LBA Ware...


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And the Beat Goes On: GSEs Print Another Monthly Record

September 1, 2020
John Bancroft

With four months still to go, 2020 already ranks as the second-highest year ever for Fannie/Freddie single-family business.


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Depositories Rake in the Mortgage Profits. Then There’s Wells Fargo...

September 1, 2020
John Bancroft

Commercial banks and thrifts posted a whopping $5.62 billion in net income from their mortgage banking operations during the second quarter.


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Forbearance Reading Remains Flat but Growing Problems in Ginnie, PLS Buckets

August 31, 2020
Paul Muolo

Black Knight said 3.9 million homeowners remain in forbearance...


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GSE Loan Buybacks Actually Fell in 2Q20. However…

August 31, 2020
John Bancroft

Higher delinquencies should lead to more Fannie/Freddie loan buybacks, but we're not there yet, thanks, in part, to forbearance...


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Warehouse Commitments Keep Rising. The Best Conditions Ever?

August 28, 2020
Paul Muolo

With nonbanks continuing to steal market share away from depositories, warehouse commitments have been going through the roof. Of course, ultra low mortgage rates help...


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Prepayment Speeds Actually Declined in July. Strange?

August 28, 2020
Dennis Hollier

Assuming an average prevailing interest rate of 2.99%, Fannie Mae estimates that 64% of all mortgages are at least 50 basis points "in the money."


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Short Takes: HFSC Chair Wants GSE LLPA Killed Outright / Being Excluded From Narrow Exemptions? / A Biden Victory Means... / MBS Trading Increases

August 27, 2020
Paul Muolo

But there’s something else to think about here. Let’s say Democrat Joe Biden (DE) wins the White House in November. After being sworn into office, will he act swiftly to dismantle this very controversial loan-level private adjustment?...


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