Commercial MBS Issuance Falls Back to Earth in 1Q22 May 16, 2022 John Bancroft The non-agency CMBS sector took the biggest hit...Read More
Mega REITs Continue to Shed Agency MBS May 16, 2022 Paul Muolo AGNC owned $47.2 billion of MBS, down 9.6% from yearend and off a bloodcurdling 25.4% from the same period a year ago.Read More
Not Immune to an Origination Correction: the Jumbo Market May 13, 2022 Brandon Ivey An estimated $131.0 billion of jumbos were originated during the period after three quarters of elevated production.Read More
Purchase Lending Bolsters Primary MI Volume in 1Q22 May 12, 2022 John Bancroft Refi volume for private MIs plunged 33.9% on a quarterly basis to just $6.66 billion, or just 4.9% of NIW written.Read More
Lower Earnings at Home Point as MSR Sales Buffer the Pain May 12, 2022 Paul Muolo Home Point's gain-on-sale margin came in at 61 basis points, a slight improvement over the October-December period...Read More
Nonbanks Book Historic Gains on Their MSR Assets May 12, 2022 Paul Muolo The MSR "cookie jar" has been tapped...Read More
Is loanDepot in Play? No Strategic Review Underway May 11, 2022 Paul Muolo and Brandon Ivey In trading Wednesday, loanDepot's shares were up slightly on the day after falling to a new 52-week low of $2.00 a unit on Tuesday.Read More
Consumer Complaints Surge in the First Quarter of 2022 May 11, 2022 Sam Manas Year-over-year, overall consumer gripes were up 39.7%, but mortgages...Read More
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
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
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