Banks’ Mortgage-Banking Income Increases June 15, 2023 Brandon Ivey Mortgage-banking income at banks and thrifts increased by 35.7% in the first quarter of 2023 compared with the previous quarter.Read More
UnidosUS Launches Latino Homeownership Campaign June 15, 2023 Sam Manas The Hispanic advocacy nonprofit has a goal to create four million new Latino homeowners by 2030.Read More
Rocket, FirstKey Team on Closed-End Second Securitization June 15, 2023 Brandon Ivey It's the first securitization from Rocket of closed-end second liens.Read More
Short Takes: Fed’s Impact on Mortgage Rates / FHA Servicers Struggled Amid COVID / Ginnie Extends RON / Unknown Lenders in Annaly’s MBS June 15, 2023 Brandon Ivey Just because the Fed paused its interest rate increases doesn't mean rates on mortgages will stop going up.Read More
GSE MBS Issuance Increases in May June 14, 2023 Dennis Hollier Among the top 100 GSE lenders in May, most saw a significant sequential increase in production.Read More
Chopra: Finding CFPB Unconstitutional Would Destabilize Mortgage Market June 14, 2023 Sam Manas The Consumer Financial Protection Bureau director said a Supreme Court ruling against his agency would "create major uncertainty in our mortgage markets."Read More
Originations Improving at Some Lenders in Second Quarter June 14, 2023 Paul Muolo Some lenders are seeing origination gains of 30% to 60% in the second quarter.Read More
Majority of Mortgage Professionals Living Paycheck to Paycheck June 14, 2023 Brandon Ivey High inflation and a slowdown in originations have cut into pay.Read More
MSR Marks Drag Down Mortgage-Banking Income June 13, 2023 John Bancroft Operating income from servicing is stable; fluctuations in MSR valuations account for most of the ups and downs in the sector.Read More
Comerica Sets Exit From Warehouse Lending June 13, 2023 Paul Muolo A sea change could be coming in warehouse finance...Read More
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