On the surface, the yield looks expensive for the issuer but in a rising interest rate environment, maybe it’s not.

Another positive sign: Usage rates remain in the 50% to 60% range.

Gifford, just a few days ago, gave notice to Flagstar that he will be leaving the federally insured depository.

The correspondent channel gained share in the conventional-conforming market during the third quarter of 2024.

At yearend, traders and lenders are trying to get a handle on the direction of interest rates, with geopolitical events potentially playing a larger role than originally thought.

As nonbanks go, so goes the warehouse lending sector. Commitment levels are rising but higher interest rates could cause some turbulence in the months ahead. (Includes data table.)

A spin-off of nonbank Newrez by Rithm Capital parent could happen in 2025. The missing ingredient: lower interest rates.

Loan brokers added 100 full-timers during October, bringing their head count to 86,700 positions.

Among the top five subservicers, the steepest descent in year-over-year business was registered at Dovenmuehle.

MBA said it urged HUD’s mortgagee review board to rescind the NOVs sent to servicers.