Short Takes: More Borrowing Capacity for Rocket / Lower Price Targets / Time to Trim Low-Producing LOs / Fed’s Barr Resigns January 6, 2025 Paul Muolo Consultants believe just because a loan officer is “commission only” that "doesn’t mean they don’t cost you money every month they’re there”…Read More
Large Nonbanks Take Back Some Origination Share January 3, 2025 Brandon Ivey All of the top five lenders are nonbanks, led by United Wholesale Mortgage.Read More
Brokers Gain Some Share in FHA/VA Lending in 3Q January 2, 2025 Brandon Ivey The increase in broker originations was largely driven by two lenders: United Wholesale Mortgage and PennyMac Financial.Read More
MBS Investors Fill Void as Fed Reduces Holdings December 31, 2024 John Bancroft Depository institutions added some $68.55 billion of single-family MBS to their holdings during the third quarter.Read More
A Risky Proposition: 2024 VA Rate-and-Term Refis December 30, 2024 Monica Hogan ICE: The average rate-and-term refinancer had their previous mortgage for just 15 months prior to refinancing...Read More
CFPB Wants to Bring Data Brokers Under the FCRA December 30, 2024 Shannon Clark The proposal is unlikely to move forward in the Trump administration, but the draft could serve as a blueprint for state legislation.Read More
Short Takes: About that Rocket Lawsuit... / MLO Enforcement? / How Much of Newrez Will be Spun Off? / A New Hire for Planet December 30, 2024 Paul Muolo Rithm Capital likely will explore a “listing of up to 20% of Newrez’s shares in 2025,” says KBW...Read More
Correspondent Channel Ramps Up Nonconforming Originations December 27, 2024 James Dohnert Nonconforming mortgage originations in the correspondent channel increased from the second to the third quarter.Read More
HECM Lending Flat in 3Q, Down 12% YTD December 23, 2024 Brandon Ivey Among the top 50 producers, all but one are nonbanks.Read More
Home Equity Loan Originations Level in Third Quarter December 20, 2024 Brandon Ivey Bank of America remained the top originator of home equity loans in the third quarter.Read More
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