Bank Failures Weighing on Agency MBS Investors May 11, 2023 Brandon Ivey Instead of adding to their MBS portfolios in 2023, banks are now expected to be net sellers.Read More
Short Takes: What a U.S. Default Would Do to Interest Rates / Foreclosures Slow / ‘Silly Reporters’ / GAAP Would Like a Word May 11, 2023 Brandon Ivey The mortgage industry fallout if Congress and the White House fail to raise the debt ceiling: Zillow predicts 8.40% interest rates on 30Y FRMs.Read More
MSR Markdown Prompts Another Loss for United Wholesale May 10, 2023 Brandon Ivey Margins jumped but MSR markdowns overwhelmed UWM's income in the first quarter.Read More
Veterans United Leads FHA/VA Correspondent Sellers in 2022 May 10, 2023 Brandon Ivey While correspondent sales of FHA/VA loans declined in 2022, Veterans United increased its sales volume.Read More
Short Takes: Applications Increase / Blend Gaining Market Share / Cenlar’s Information Factory / Sagent in India May 10, 2023 Brandon Ivey As interest rates declined, applications increased...Read More
What’s Left of FoA Profitable in First Quarter May 9, 2023 Brandon Ivey Finance of America Companies has been selling off various units to focus on reverse mortgages.Read More
Short Takes: Housing Confidence Improving / Not Much to Buy / Banks Tighten Up / MSRs for Sale May 9, 2023 Brandon Ivey and Paul Muolo Survey says: An increased number of respondents think mortgage rates will go down over the next year...Read More
Veterans United Tops Correspondent Sellers in 2022 May 5, 2023 Brandon Ivey Correspondent sales of government-insured loans declined by 28.6% on an annual basis in 2022, though Veterans United boosted its sales by 13.8%. (Includes data chart.)Read More
Rocket Takes Another Loss in First Quarter May 5, 2023 Brandon Ivey Margins improved while originations declined.Read More
Short Takes: Rithm Plans to Spin Off Mortgage Unit / ABA Concerned About Short Sellers / Impac Reduces Earnings Disclosures / Blend Warned of Possible Delisting From NYSE May 5, 2023 Brandon Ivey Rithm owns NewRez, Caliber Home Loans and Shellpoint Mortgage Servicing, among other units.Read More