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
Income from Originations, Servicing Drops in Fourth Quarter April 4, 2023 John Bancroft Both originations and servicing were a lot less profitable in the fourth quarter of 2022.Read More
Fannie/Freddie Mandated Repurchases Ease April 3, 2023 John Bancroft It stands to reason that the largest originators get hit with the highest volume of repurchase requests from the GSEs...Read More
Hope for ARMs? Not Really. Production Took a Hit in 4Q22 March 31, 2023 Brandon Ivey ARMs accounted for 11.5% of originations in 2022 compared to a share of 6.0% the year before...Read More
Fix-and-Flip Lender Grows Portfolio by Almost 40% March 31, 2023 Paul Muolo Sachem’s loans range in size from $2,600 to $27.3 million. Wells Fargo is one of its financiers...Read More
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