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
In 4Q22, loanDepot and UWM Were Busy ‘Transferring’ MSRs January 24, 2023 Paul Muolo and John Bancroft For all of 2022, UWM transferred $98.8 billion of bulk MSRs, more than any other nonbank.Read More
Fewer Originations Last Year, But Fewer Consumer Gripes Too January 24, 2023 Sam Manas Gripes about residential loan applications totaled 4,151 in 2022, down 30% from the year prior...Read More
Agency Delinquencies Begin to Head North January 24, 2023 Brandon Ivey Much of the increase in the fourth quarter was tied to newly-delinquent loans...Read More
The Final Tally: A Stunning $1.1 Trillion of MSRs Changed Hands Last Year January 23, 2023 John Bancroft The star of the show was the bulk market, where $920.9 billion of agency MSRs transferred...Read More
Large Banks Show Gains on GSE Servicing January 23, 2023 Dennis Hollier Much of the shift in 4Q22 occurred at large banks...Read More
PMI Volume Hammered in 4Q22 January 19, 2023 John Bancroft The insured-mortgage market was more resilient because 65.2% of agency purchase loans carried some primary coverage in 2022.Read More
Tough (Mortgage) Sledding for the Megabanks in 4Q22 January 19, 2023 Paul Muolo Some of the sequential declines in originations were brutal...Read More
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