Short Takes: A Pay Increase for UWM’s Ishbia / Earnings? / Time to Buy MBS? / Back in the Saddle: FHA’s LRS May 4, 2022 Paul Muolo, Brandon Ivey, and Monica Hogan In 2019, UWM CEO Mat Ishbia took home a whopping $17.9 million…Read More
New Residential Outshines Mr. Cooper on MSR Markup: $845 Million May 3, 2022 Paul Muolo As most any mortgage banker knows, when rates rise — as they have this year (and rapidly) — servicing rights increase in value.Read More
An Earnings Decline at Fannie, Interim CEO Benson Tempers Expectations May 3, 2022 Paul Muolo and Dennis Hollier Fannie's interim CEO David Benson predicts a recession is coming next year...Read More
A Particularly Brutal Production Quarter for Fintech Better.com May 2, 2022 Paul Muolo Given steeply higher rates and much narrower lending profits the past six months, Better’s journey to the NYSE has been anything but smooth.Read More
Short Takes: On the Threshold… / (Partially) Exiting the Correspondent Channel / In Non-Delegated We Trust / Believing in Brokers / A Large M&A Deal Afoot? May 2, 2022 Paul Muolo More strategic changes for Willie Newman's Home Point..Read More
Another Robust Week for Mortgage Servicing Sales April 29, 2022 Paul Muolo MSR prices remain strong and could move even higher, some investment bankers predict...Read More
Blow-out Earnings for Mr. Cooper. Reason: Huge MSR Gains April 29, 2022 Paul Muolo And let us now praise MSRs...Read More
Short Takes: MSR Markups? Yes, You Can / Actively Bidding / Figuring Out the Fed / UWM Chief Makes a No-Layoff Pledge / Five (GNMA) Presidents Speak Up April 29, 2022 Paul Muolo and Monica Hogan Layoffs at UWM? No way, CEO promises on LinkedIn...Read More
Sprout’s Non-QM Woes Center on a $200 Million Trade April 28, 2022 Paul Muolo Sprout isn’t returning media inquiries these days, but chatter is spreading about $200 million worth of non-QM loans it was trying to place.Read More
REIT Giant Annaly Sells MMLs, Focusing on Mortgages April 28, 2022 Paul Muolo Annaly is selling its noncore holdings to focus on residential mortgage investments. Its agency MBS business continues to shrink, but not dramatically.Read More