Mortgage C-Suite Comp Trimmed, But Not For All April 24, 2023 Paul Muolo Mr. Cooper, whose revenues fell by almost 26% last year, gave its chairman and CEO a double-digit percentage raise...Read More
Mixed Trends in Deliveries to GSEs in First Quarter April 21, 2023 Dennis Hollier Volume declined on a sequential basis in the first quarter, while deliveries picked up in March compared with February.Read More
Mortgage Securitization Rate Declines in 2022 April 21, 2023 John Bancroft A larger portion of GSE-eligible mortgages didn't make it into MBS in 2022.Read More
A Slight Increase in Share for Private MIs in First Quarter April 20, 2023 Namrata Bhatia The private MI share of purchase mortgages with primary mortgage insurance hit 48.4% in the first quarter of 2023.Read More
A Decline in Home Lending for US Bank, Applications Spike April 19, 2023 Paul Muolo At March 31, USB’s “servicing for others” portfolio totaled $241.7 billion and had an asset value of 154 basis points.Read More
Mortgage Complaints to CFPB Up Sharply in Early 2023 April 18, 2023 Andras Malatinszky Complaints submitted to the CFPB regarding mortgages had declined steadily throughout 2022.Read More
First Lien Lending Off 25% at BofA, HE Production Flat April 18, 2023 Paul Muolo Bank of America uses just one channel to produce loans, retail.Read More
Surprise: RMBS Issuance Stages a First Quarter Rally April 17, 2023 John Bancroft Most of the prime MBS were garden-variety jumbo deals.Read More
In 1Q, a Precipitous Fall in Home Lending for Wells Fargo April 17, 2023 Paul Muolo JPMorgan surpassed Wells in home lending during the quarter...Read More
Ailing Non-QM Lender Paid CEO $1.5 Million Last Year April 13, 2023 Paul Muolo The Newport Beach, CA-based firm lost $39.4 million last year compared to red ink of $3.9 million in 2021.Read More
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