What’s the best way to hedge against refis? Answer: have a good recapture program…

The bloodletting in the stock market is over. For now...

With non-QM lending accelerating along with MBS issuance, many warehouse managers are now happy to admit that their banker-window is open for business, always has been.

Ocwen is losing a big subservicing contract with REIT New Residential but isn't worried about the development because the contract was unprofitable in the fourth quarter...

This morning we asked a handful of loan officers and mortgage executives whether they’re seeing a noticeable uptick in refi applications. This from one official at Equity Prime Mortgage in Atlanta: “Yes. It’s absolutely insane now…”

Net income at Mr. Cooper was aided in a major way by a $285 million recovery tied to deferred tax assets. Meanwhile, on the origination front, the company funded $12.6 billion in product during 4Q19, up 5.8% from 3Q19.

REITs covet entry into the system because FHLB members are allowed to borrow via low cost advances...

As one servicing broker put it: “It’s brutal. No other way to say it…”