A Good Year for Ginnie, With Net Profits Just Shy of $1.5 Billion January 31, 2023 Brandon Ivey Mortgage firms issued $649.5 billion of Ginnie MBS in fiscal 2022, down 30.5% on an annual basis.Read More
As Rates Rise, VA's Streamlined Refi Program Slides Into Irrelevance January 30, 2023 John Bancroft Only 23 lenders completed IRRRL endorsements in the final three months of 2022.Read More
Short Takes: The Next Rate Hike From the Fed / Nonbank Mortgage Stocks? / Warehouse CEO Gets Contract Extension / Added: Indecomm / 44 Months For Fraud January 30, 2023 Paul Muolo All eyes will be on the FOMC this week...Read More
The Final Origination Tally for 2022: $2.2 Trillion, Off 50.1% January 26, 2023 John Bancroft Speaking of unicorns, there was just one lender in the rankings that showed a sequential production gain from 3Q22 to 4Q22.Read More
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
RSS