Short Takes: HELOCs and MBS / A Strong Showing for Starwood / Owning a #1 / Redfin Pulls the Plug on ‘iBuying’ November 9, 2022 Paul Muolo Redfin is saying goodbye to "iBuying"...Read More
3Q Results: GSEs Set Aside $4.3B to Cover Declining Home Values November 8, 2022 Dennis Hollier and Paul Muolo Fannie boosted its net worth position to $58.8 billion. Freddie’s reading came in at $35.2 billion...Read More
Angel Oak REIT Posts a $83M Loss for 3Q, Cites Negative Asset Marks November 8, 2022 Paul Muolo AOM purchased $62.4 million of non-QMs with a weighted average coupon of 7.1% in the third quarter...Read More
Up for Grabs: $6.9 Billion of GSE Mortgage Servicing Rights November 8, 2022 Paul Muolo These MSRs should stick around a long time: The average interest rate is 3.2%...Read More
Mortgage Lenders Chopped 8,200 Jobs in September; Non-QM Shop Athas Closes November 8, 2022 Paul Muolo Compared to a year ago, firms characterized by the BLS as “real estate credit” have shed 35,700 workers.Read More
As Year Draws to a Close, MSR Bidders Get Pickier November 7, 2022 Paul Muolo It’s a combination of too much servicing supply and buyers that have already burned through their acquisition budgets...Read More
Short Takes: Mr. Cooper Finally Confirms Layoffs / A New Take on Servicing Income / Rates? / A $1B CFPB Fine for Wells? / A New SF Chief at Freddie November 7, 2022 Paul Muolo Some new MSR assumptions from Mr. Cooper...Read More
Mat Ishbia: UWM Chairman and CEO. And Maybe NFL Team Owner? November 7, 2022 Paul Muolo The Commanders are worth an estimated $5.6 billion...Read More
MSRs Aid UWM’s 3Q Results but GOS Falls to 52 BPs and May Drop Further November 4, 2022 Paul Muolo Even though UWM grew originations in 3Q, loan production income fell to $172.4 million...Read More
Red Ink for Rocket Mortgage in 3Q22, GOS Falls to 269 BPs November 4, 2022 Paul Muolo Rocket's gain-on-sale margin slipped to 269 basis points in the third quarter from 292 bps in 2Q22... Read More