A Particularly Brutal Production Quarter for Fintech Better.com May 2, 2022 Paul Muolo Given steeply higher rates and much narrower lending profits the past six months, Better’s journey to the NYSE has been anything but smooth.Read More
Blow-out Earnings for Mr. Cooper. Reason: Huge MSR Gains April 29, 2022 Paul Muolo And let us now praise MSRs...Read More
Buyouts from Ginnie MBS Revert Back to Pre-Pandemic Levels April 29, 2022 Brandon Ivey Another factor: the drop in repurchases appears to be driven by improvements in delinquency rates.Read More
Mortgage Originations Take a Beating in Early 2022 April 28, 2022 John Bancroft Among the top 10 funders, the declines were mostly brutal, ranging from a low of -21.1% to a high of -37.2%.Read More
A Strong 1Q22 Profit for Freddie April 28, 2022 Paul Muolo Freddie took in new business of $207.0 billion in the January-March period, down 23.6% sequentially...Read More
Grapevine: Figuring Out the Fed / Dividends About to Get Squeezed? April 28, 2022 Paul Muolo Is the worst of the mortgage rate increases over? Hard to say. Meanwhile, publicly traded nonbanks may be forced to curtail their dividend payments to common shareholders.Read More
Mortgage-Related Complaints Rise Again in 1Q, 'Coop' Leads the Pack April 27, 2022 Andras Malatinszky When it comes to mortgage gripes registered, Wells Fargo was a distant second with 386...Read More
And the Beat Goes On: Nonbanks Continue to Gain in GSE Servicing April 26, 2022 Dennis Hollier Federally insured depositories with assets north of $1 trillion saw their GSE servicing balances remain essentially unchanged in the first quarter...Read More
Servicing Sales (Transfers) Slow in 1Q But Still at Heightened Levels April 25, 2022 John Bancroft The biggest decline in bulk transfers was in the Ginnie market, where volume plummeted 27.9%...Read More
ABS Starts Strong in Early 2022, Driven by Key Sectors April 22, 2022 John Bancroft The two biggest asset classes in the ABS market – vehicles and business finance — accounted for most of the first-quarter surge.Read More