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
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
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