Nonbanks Keep Growing MSR Share, Delinquencies a Potential Concern February 2, 2023 John Bancroft Fun fact: Depository institutions outgrew nonbanks in the agency MSR market during the fourth quarter.Read More
Lakeview Dethrones Freedom Mortgage as the Largest GNMA Servicer February 1, 2023 Andras Malatinszky Among the top-10 GNMA servciers, just two are federally insured depositories: Wells Fargo and U.S. Bank.Read More
Better Times for Lenders? Hopefully, Later in the Year February 1, 2023 Brandon Ivey Mortgage executive Chrissi Rhea: "I’m looking forward to 2023 because it can’t be as bad as 2022."Read More
A Good Year for Ginnie, With Net Profits Just Shy of $1.5 Billion January 31, 2023 Brandon Ivey Mortgage firms issued $649.5 billion of Ginnie MBS in fiscal 2022, down 30.5% on an annual basis.Read More
As Rates Rise, VA's Streamlined Refi Program Slides Into Irrelevance January 30, 2023 John Bancroft Only 23 lenders completed IRRRL endorsements in the final three months of 2022.Read More
Short Takes: The Next Rate Hike From the Fed / Nonbank Mortgage Stocks? / Warehouse CEO Gets Contract Extension / Added: Indecomm / 44 Months For Fraud January 30, 2023 Paul Muolo All eyes will be on the FOMC this week...Read More
The Final Origination Tally for 2022: $2.2 Trillion, Off 50.1% January 26, 2023 John Bancroft Speaking of unicorns, there was just one lender in the rankings that showed a sequential production gain from 3Q22 to 4Q22.Read More
The MSR ‘Markup’ Gravy Train Is Over... January 26, 2023 Paul Muolo MorVest CEO David Fleig noted that servicing costs have "gone way up over the past year."Read More
Originations Fall at U.S. Bank but an Increase in MB Revenue January 25, 2023 Paul Muolo USB’s servicing portfolio grew to $243.6 billion at yearend...Read More
Short Takes: $10B of MSRs Available / Make PTAP Permanent? / Some Rays of Light / A Jump in Applications / Sagent Gets a New COO January 25, 2023 Paul Muolo Signs of spring: A 7% rise in new applications...Read More
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