A 1Q Earnings Gain for Rocket. Reason: (You Guessed It) MSR Mark Ups May 11, 2022 Paul Muolo Rocket's MSRs accounted for 25.4% of its asset base at March 31 compared to 16.4% at yearend.Read More
loanDepot’s Stock Crushed After 1Q Loss, Production Outlook Weak May 10, 2022 Brandon Ivey loanDepot's originations and servicing segments suffered in the first quarter amid rising interest rates.Read More
UWM Taps the MSR Markup ‘Well’ and Reports a Strong Profit for 1Q May 10, 2022 Paul Muolo UWM anticipates second quarter production of $26.0 billion to $33.0 billion and a GOS of 75 to 99 bps.Read More
As Volumes Drop, Some Mortgage CEOs Take Home Less Pay May 10, 2022 Paul Muolo During the first quarter, Fairway transferred roughly $5.8 billion of mortgage servicing rights to new owners...Read More
MSRs Come Into Focus at Ginnie as Capital Rule Looms May 9, 2022 Paul Muolo The good news: MSR values are enjoying a renaissance, courtesy of rising interest rates.Read More
The Mortgage M&A Wheel Begins to Turn May 6, 2022 Paul Muolo and Brandon Ivey What are conventional and government production networks worth these days? Probably not much...Read More
PennyMac Bolsters 1Q22 Income With MSR Markups May 6, 2022 Brandon Ivey Unlike some shops, Penny actively hedges its MSRs, which can actually reduce the size of the markup when rates rise rapidly.Read More
In 1Q22, Nonbanks Once Again Tightened Their Grip on the MSR Market May 5, 2022 John Bancroft The nonbank share of the top 50 servicing owners edged up from 53.0% in the fourth quarter to 53.4% in early 2022.Read More
ICE Agrees to Purchase Black Knight for $13.1 Billion May 5, 2022 Monica Hogan The sale is expected to close in early 2023.Read More
Two Lenders (REITs Both) Find Safe Harbor in the Earnings Storm May 5, 2022 Brandon Ivey NRZ's Michael Nierenberg didn't whitewash it: “We are in a horrible market for mortgage originations.”Read More
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