A Large 4Q22 Loss for Market Leader Rocket, Revenue Plunges 63% Sequentially March 1, 2023 Paul Muolo Rocket recorded fair value changes of $407 million on its mortgage servicing portfolio for the fourth quarter.Read More
A Slightly Faster Decline for Jumbo Lending March 1, 2023 Brandon Ivey Truist saw its jumbo volume plunge by 72.5% in the fourth quarter.Read More
Short Takes: Top Executive Departs Embrace / MM Looking to Buy? / Weak Readings / Ginnie MSRs for Sale / The Leaders in Wholesale March 1, 2023 Paul Muolo Fun fact: The top three volume leaders in wholesale are all headquartered in Michigan and are all publicly traded nonbanks.Read More
FHA, VA Endorsements Hit Four-Year Low February 28, 2023 Andras Malatinszky The top three FHA lenders in 2022: Rocket, UWM and loanDepot, with Fairway not too far behind...Read More
A 4Q Loss for Ocwen, Company Seeks ‘Opportunities’ February 28, 2023 Paul Muolo Ocwen's origination segment recorded a pre-tax loss of $11 million in the fourth quarter...Read More
At Banks, Servicing Values Soften a Bit February 27, 2023 Brandon Ivey Among the nation's largest banks, MSR values were mixed.Read More
On the Way Up: Delinquencies. More Turbulence Ahead February 27, 2023 Brandon Ivey MBA's Marina Walsh attributed the uptick in delinquencies to a weakening economy and “ongoing inflationary pressures.”Read More
Short Takes: The Channel Market Leaders / An Overwhelming Share for UWM / The Buggy Whip Business Analogy / Turning the Corner / A $2B GNMA Package February 24, 2023 Paul Muolo Phoenix Capital is out with another auction notice on mortgage servicing rights...Read More
Among the Three Channels, Retail Suffered the Most in 4Q22 February 23, 2023 John Bancroft Retail typically thrives in heavy refinance markets but that's not where we were in 4Q...Read More
CFPB Enforcement Activity Down 61% (That's Correct) in FY22 February 22, 2023 Sam Manas The CFPB provided “conflicting data” about investigations opened in fiscal years 2014 through 2016, the attorney said...Read More
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