loanDepot's originations and servicing segments suffered in the first quarter amid rising interest rates.

Mortgage earnings among a group of 22 banks declined by 12% on a sequential basis in the first quarter of 2022. The downward movement was anything but uniform, with some banks posting large swings up and down. The movements were largely driven by interest rate trends. (Includes data chart.)

CRA proposal would expand assessment areas for large banks; ICE to acquire Black Knight; Ishbia vows no layoffs at United Wholesale Mortgage; UWM competing on price; MBA concerned about kleptocrat legislation; Fairway unit offering NFTs of individual homes.

What are conventional and government production networks worth these days? Probably not much...

Unlike some shops, Penny actively hedges its MSRs, which can actually reduce the size of the markup when rates rise rapidly.

Two years ago, MSRs were — to put it nicely — a pain-in-the-neck to manage because ultra-low rates kept causing the asset to prepay...

While investors in fix-and-flip and other business-purpose loans are taking a closer look at loan characteristics and lenders’ practices, lenders are adjusting and considering locking in longer-term financing.

The SEC’s proposal on disclosure requirements and other standards for hedge funds, private equity funds and venture capital funds could have negative impacts for CLOs, SFA and others warn.

Is the long-awaited M&A tsunami finally here? Maybe, maybe not. But one thing is for certain: Some of the IPO class of 2020-2021 might be vulnerable.

The two REITs have seen success even as profits from mortgage lending decline thanks to diversification efforts involving business-purpose lending and venture capital investments.