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
Mortgage Layoffs Accelerated in February April 11, 2023 Paul Muolo With interest rates falling in recent weeks, the origination market has perked up a bit, but...Read More
A Bright Spot: Non-Agency MBS Issuance in 1Q23. However... April 10, 2023 Brandon Ivey Invictus Capital Partners was the top-ranked non-agency MBS issuer in the first quarter.Read More
Non-QM Impairments Increase but Not a Problem Quite Yet April 10, 2023 James Dohnert However, the increase in impairments doesn’t necessarily indicate widespread problems...Read More
Agency MBS Issuance Slides Further in First Quarter April 7, 2023 John Bancroft It was the ninth straight quarterly decline for agency MBS issuance.Read More
Mortgage Sales by Banks Outpace Production April 5, 2023 Brandon Ivey Originations of mortgages that banks intend to sell decreased more quickly than loan sales by banks in the fourth quarter of 2022.Read More
Nice Pay Raises for the C-Suite at Mr. Cooper April 5, 2023 Paul Muolo Mr. Cooper, like many mortgage shops, has engaged in large-scale layoffs the past year to bring costs in line with revenues.Read More
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