Rocket Ramping Up Closed-End Second Securitization November 10, 2023 James Dohnert Rocket’s latest MBS of closed-end second-lien loans is anticipated to be sized at $371 million.Read More
Short Takes: Better Launches Mortgage-As-a-Service Platform / Redfin Says Now’s the Time to Buy / CoreLogic Debuts AR Appraisal Tool / Associated Bank Changes Consumer Lending Strategy November 10, 2023 James Dohnert Better and Infosys team on a mortgage-as-a-service product that they say will bring "unprecedented speed" to mortgage originations...Read More
CMBS Issuers With Vertical Integration Have Advantages November 9, 2023 James Dohnert Commercial MBS issuers that source loans from affiliated lenders have lower rate spreads when compared to CMBS pooled by investment banks with loans from third-party lenders.Read More
Mr. Cooper Locks Down Online Systems After Cybersecurity Breach November 9, 2023 James Dohnert Mr. Cooper said customers would not incur fees, penalties or negative credit reporting due to late payments related to the shutdown.Read More
Shellpoint Remains Top Non-Agency MBS Servicer November 9, 2023 James Dohnert Shellpoint topped the ranking for the fourth consecutive quarter....Read More
Guild Stays Profitable in 3Q November 9, 2023 James Dohnert A gain-on-sale increase helped Guild boost its earning compared to the second quarter.Read More
Short Takes: NAR Launches Flood Disclosure Tracker / TransUnion: Mortgage Balances Up / Realtor.com Aims to Educate Veterans / All-Cash Purchases on the Rise November 9, 2023 James Dohnert NAR says a FEMA proposal to mandate a flood disclosure form is unnecessary and would overly burden states. Read More
Large Nonbanks, Smaller Lenders Driving Jumbo MBS November 8, 2023 James Dohnert United Wholesale Mortgage remained the top originator of loans in prime non-agency MBS in the third quarter.Read More
Angel Oak REIT Bounces Back in Third Quarter November 7, 2023 James Dohnert Angel Oak REIT posted an $8.3 million profit in the third quarter, after spilling red ink in the second quarter.Read More
Former FHLB Chicago Executive Launches National TPO Lender November 6, 2023 James Dohnert The correspondent lender initially will offer 15- and 30-year jumbo loans, non-qualified mortgages and agency products.Read More