MBS-investing REITs continue to pay sweet dividends but the asset value of their holdings has come under pressure thanks to spiking interest rates. First-quarter earnings should be revealing.
It’s earnings season and the early results have not been encouraging when it comes to home lending. Then again, no one really expected good news. But will 1Q22 be the low point and then a bounce?
Steeply lower production volumes call for new lending ideas. Right? Some A-paper shops are jumping into the non-QM pool. Will it save the day or result in higher delinquencies?
So far, among public companies, Mr. Cooper CEO Jay Bray was the top mortgage earner in 2021 but many lenders have yet to file proxy statements. Meanwhile, MBA trimmed its production forecast.