Per loan origination losses hit a 15-year high last year. But is the worst of it over? It depends on the shop.

In 2023, UWM awarded Ishbia $12.16 million in compensation, including $1.26 million to cover “security services and equipment."

At the end of March, the REIT valued its MSRs at 165 bps, the highest “mark” since the first quarter of last year...

In 2022, when the lender/servicer posted a net loss of $610.4 million, Martell’s pay package totaled $16.4 million.

One of the largest 1Q24 sequential gains in home lending was had by DHI Mortgage at +21.6%.

You thought rates would be falling by now, causing the MBS you own to spike in value. Right? It didn’t work out that way, but it might now. Advice: Bet on a rate cut from the Fed by the fall.

Originators hate rising interest rates for the impact it has on production, but owners of servicing rights and their dealmakers couldn’t be happier. One benefit in today’s market: MSR bid prices are strong.

The malaise surrounding residential lending continued in the first quarter. The expectation is that nonbanks will continue to snatch market share from the big boys, but profitability will remain elusive.

Better couldn’t meet Fannie’s financial eligibility requirements due to a “decline in profitability and material decline in net worth.”

Although BofA experienced a sequential drop in home lending, it was better than the -22.2% downdraft reported by Wells Fargo.