Short Takes: Powell Sees No Need to ‘Hurry’ Rate Cuts / More Lock-In / Strong Demand for MSR Securitization From Rithm / Non-Agency MBS Flowing Again November 15, 2024 Brandon Ivey “The economy is not sending any signals that we need to be in a hurry to lower rates,” said Federal Reserve Chair Jerome Powell.Read More
Split Trends in Ginnie Activity in October November 14, 2024 Monica Hogan Some $15.44 billion of refis were pooled into Ginnie MBS in October, a 25.7% jump from the previous month.Read More
CrossCountry Mortgage Hires Former PennyMac Officials November 14, 2024 Brandon Ivey The three executives hired by CrossCountry previously held similar positions at PennyMac.Read More
State Regulators Eyeing LO Education Compliance November 14, 2024 Shannon Clark CSBS is reminding MLOs of their yearly continuing education requirements in the midst of the annual renewal season.Read More
Splitero’s HEI Business Poised for Growth Following Investment November 14, 2024 James Dohnert Splitero received a $300 million investment from funds managed by Antarctica Capital, a private-equity firm.Read More
Short Takes: LOs Shy Away From AI / Homeowners Consider Moving Post-Election / Home Tours Increase / InterLinc Ready to Hire November 14, 2024 Brandon Ivey Among LOs that knowingly use AI, the most cited use was for marketing efforts.Read More
Rocket Takes Large Loss in 3Q Tied to MSR Values November 13, 2024 Brandon Ivey The loss was largely from a negative $878.3 million change in the fair value of mortgage servicing rights.Read More
Losses Increase at Better, Profitability a Ways Off November 13, 2024 Brandon Ivey Officials at the nonbank said they’re “managing towards profitability in the midterm.”Read More
CrossCountry Teams With Chase for Prime Non-Agency MBS November 13, 2024 Brandon Ivey CrossCountry has a separate MBS issuance partnership with Hildene Capital Management, though that’s focused on expanded-credit mortgages.Read More
Angelo Gordon’s REIT Diving Into Home Equity Loans November 13, 2024 James Dohnert AGMIT acquired $136.9 million of home equity loans in the third quarter and has committed to purchasing another $200 million in loans over the next several months.Read More
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