Mr. Cooper Feeling a Bit More Bullish About 4Q21. EBOs Help… December 1, 2021 Paul Muolo Mr. Cooper also revealed the sale of its reverse unit should close by Dec. 31...Read More
Banks Report Strong Gain in ABS Holdings During 3Q21 December 1, 2021 John Bancroft The biggest move in auto ABS was made by KeyBank, which added $2.82 billion of these assets to its investment portfolio...Read More
MBA: Lending Profits Improve but Expenses Continue to be a Problem November 30, 2021 Paul Muolo MBA's Marina Walsh noted, “Per-loan production expenses continued to rise for the fifth consecutive quarter, reaching the second-highest level ever reported.”Read More
Banks' Mortgage Banking Income Rebounds in 3Q21 November 30, 2021 Call-report data suggest the industry saw gains on both servicing and loan sales...Read More
Banks Grow Portfolios of Loans Serviced for Others November 29, 2021 John Bancroft Truist Bank boosted its SFO accounts by $20.12 billion during the third quarter...Read More
Short Takes: loanDepot Falls Below $5.00 / Cash-out Refis to the Rescue? / The ‘Oldest’ Mortgage Stock? / Guaranteed Rate’s $40 Million Man? November 29, 2021 Paul Muolo A GR LO cracks the $2 billion mark in originations. Are there others out there?Read More
Retail Takes a Hit in 3Q21, Wholesale Lending Up Slightly November 24, 2021 John Bancroft Wholesale-broker platforms posted the biggest increase, with volume up 1.6% to an estimated $186 billion...Read More
Continued Gains for Jumbo Servicing Portfolios November 24, 2021 Brandon Ivey First Republic Bank also stands out among the 30 companies: Its jumbo servicing portfolio increased by 4.2%...Read More
Non-Agency Jumbo Lending Hits Record Levels in 3Q21 November 23, 2021 Brandon Ivey Market watchers believe the activity was driven, in part, by exceptional home price appreciation and more interest in the sector among lenders.Read More
A New Warehouse Record and a Handful of New Entrants November 22, 2021 Paul Muolo One East Coast financier said his bank is seeing several 2022 line renewals at “the same level as this year” and just one reduction overall.Read More