February, a Tough Month for GSE Loan Sales March 6, 2023 Dennis Hollier The top three sellers for February: UWM, PennyMac Financial and Rocket Mortgage...Read More
FTHBs Catch a Bit of a Break, but DTIs Rise March 6, 2023 John Bancroft The average FTHB debt-to-income ratio rose to 40.6% in the fourth quarter...Read More
For Banks and Thrifts, a Downward Path for Mortgage Earnings March 6, 2023 Namrata Bhatia JPMorgan Chase made a sharp reversal into the black...Read More
Another Ugly Reading for Mortgages: February MBS Issuance Hits 18-Year Low March 3, 2023 John Bancroft For the sixth month in a row, Ginnie was the top agency issuer...Read More
Commingle Activity Remains Limited in Second-Level MBS from GSEs March 2, 2023 John Bancroft FHFA's plans to reduce the fee on commingled securities from the GSEs followed another quarter with limited commingling.Read More
A (Relatively) Small Loss for UWM, Company Sees GOS Rising for 1Q23 March 1, 2023 Paul Muolo The fair value of UWM's MSR portfolio fell by $150.8 million during the fourth quarter.Read More
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
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