Refi Surge Boosts Ginnie Loan Liquidations in 1Q April 29, 2024 John Bancroft In case you missed it: The VA reported an astronomical increase in its interest rate reduction refinance program in early 2024...Read More
A Pay Cut for loanDepot Chief Martell April 29, 2024 Paul Muolo In 2022, when the lender/servicer posted a net loss of $610.4 million, Martell’s pay package totaled $16.4 million.Read More
Short Takes: An Exchange of One for 100? / About Those Rate Cuts… / Keep on Selling (MSRs) / A Good Time to Be Owned by an HB / A Job Change for Roque April 29, 2024 Paul Muolo One of the largest 1Q24 sequential gains in home lending was had by DHI Mortgage at +21.6%.Read More
Originations Steady in First Quarter, UWM on Top April 26, 2024 Brandon Ivey First-lien mortgage originations remained in a trough in the first quarter of 2024.Read More
Few Major Lenders Managed to Increase Production in 2023 April 25, 2024 Brandon Ivey Originations dropped to varying degrees during the year at all of the top 10 lenders.Read More
Delinquencies on Agency MBS Decline in First Quarter April 24, 2024 Namrata Bhatia The overall delinquency rate across all three agencies declined 36 basis points in the first quarter to 2.78%.Read More
Nonbanks Gain More Share of GSE Servicing in First Quarter April 23, 2024 Brandon Ivey Mr. Cooper Group, the largest nonbank GSE servicer and second-largest GSE servicer overall, increased its portfolio by 8.6% during the first quarter.Read More
Agency MSR Transfers Plummet in First Quarter April 22, 2024 John Bancroft The first-quarter slump was largely confined to bulk sales of Fannie and Freddie mortgage servicing rights.Read More
Loans With Primary MI Gain Share in First Quarter April 19, 2024 John Bancroft The share of mortgages with primary MI increased by 2.1% in the first quarter, based on agency MBS issuance.Read More
Home Equity Securitization Growing, Led by Seconds April 19, 2024 Brandon Ivey Securitization of closed-end second liens more than doubled in the first quarter of 2024 compared with the previous quarter.Read More
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