An Increase in Purchase Lending? That's Correct December 1, 2022 John Bancroft The top three purchase lenders through the first nine months of 2022: UWM, Wells Fargo and PennyMac Financial...Read More
Mr. Cooper Chief Cashes In Some of His Holdings December 1, 2022 Paul Muolo Mr. Cooper's share price has held up reasonably well compared to most of its nonbank peers...Read More
Non-Agency Jumbo Lending Takes a Market Share Hit November 29, 2022 Namrata Bhatia Near the end of the third quarter, the average interest rate on a 30-year fixed-rate jumbo was 6.384%...Read More
Bank ABS Holdings Decline Again in 2022 Third Quarter November 29, 2022 John Bancroft TD Bank was the biggest ABS investor overall...Read More
Retail Slumps, Third-Party Lenders Gain Ground in a Tough Market November 28, 2022 John Bancroft In 3Q22, refi accounted for just 25.6% of agency retail loans...Read More
Delinquencies Fall Yet Again, Reaching an All-Time Low November 23, 2022 Andras Malatinszky Mortgage late payments were down in all default categories in 3Q22, with the exception of the 60-90-day bucket...Read More
Short Takes: This Time, It’s Different / A Shorter Correction Timeline? / Foreclosures Rising / Hurricane Ian / Cardinal Hires loanDepot Vet / A Few Days Off… November 23, 2022 Paul Muolo and Sam Manas The hope is that the origination correction will be shorter than past ones...Read More
Trouble in Fix-and-Flip? Some Ominous Findings from Redfin November 22, 2022 Paul Muolo Investor purchases slumped 26.1% on a sequential basis.Read More
Publicly Traded Nonbanks Endure Another Harsh Earnings Cycle November 22, 2022 John Bancroft With interest rates steadily rising, MSR appreciation helped buoy results in the third quarter.Read More
A Study Low: Mortgage Bankers Lost $624 Per Loan in 3Q22 November 21, 2022 Paul Muolo “With prepayments and delinquencies low, mortgage servicing has been the difference for many companies between profitable or not,” said Marina Walsh...Read More
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