Short Takes: Of Rising Rates… / Lock Now? / The Great Resignation (Not Explained) / Your Budget / A Vote Set on Gordon for FHA Chief January 18, 2022 Monica Hogan and Paul Muolo With January more than half gone, it stands to reason that most lenders would have already created budgets for 2022.Read More
JPMorgan Surpasses Wells in Residential Lending January 14, 2022 Paul Muolo Both banks reported lower gain-on-sale margins in 4Q21, a reflection of stiffer competition in the primary market. Read More
Mixed Signals From Mortgage Bellwethers Wells and JPM January 14, 2022 Paul Muolo and Monica Hogan It’s earnings season! The early results show a mixed mortgage bag for the megabanks. The mega-nonbanks start reporting later this month.Read More
As Lending Grows More Competitive, Guaranteed Rate Chucks TPO January 14, 2022 Paul Muolo For a year, Guaranteed Rate stuck its toe in the broker channel. Now that the origination water has turned cold, it’s leaving.Read More
Treasury Rate Spike Hits MBS Values, Lenders January 13, 2022 Paul Muolo Buy low, sell high. That piece of advice applies to stocks as well as bonds. But is now the time to purchase agency securities?Read More
Fitch Affirms Cenlar’s RMBS Servicer Rating. Case Closed? January 13, 2022 Paul Muolo Some of Cenlar’s subservicing clients are eyeing a switch. But when it comes to securities holders whose assets are being serviced by the vendor, so far, there isn’t much to worry about.Read More
Up for Grabs: At Least $67 Billion of MSRs January 13, 2022 Paul Muolo As might be expected, all of those unloading product are believed to be nonbanks.Read More
Ginnie EBOs, Non-QMs Spur Strong Whole-Loan Trading Results January 13, 2022 Paul Muolo "It was a barbell type of year,” said MIAC's Brendan Teeley...Read More
Guaranteed Rate Kisses Wholesale Goodbye January 13, 2022 Paul Muolo The last day a broker can close a loan with GR is Feb. 28.Read More
Short Takes: Deferring to Congress on the GSEs / $6,000 a Year for Flood Insurance? / Middleman on Redfin’s Deal / No. 7 / Bay Equity’s MSRs January 13, 2022 Dennis Hollier, Paul Muolo, and Andras Malatinszky At June 30, Bay Equity had roughly $3.1 billion of agency servicing on its books...Read More