The Mortgage Job Loss Tally: Brokers Add Workers, Bankers Cut April 1, 2022 Paul Muolo A search of WARN Act filings in California revealed very few recent mortgage-related layoffs in the state.Read More
Agency REMIC Issuance Unchanged in 2021, with Some Jockeying April 1, 2022 Brandon Ivey Fannie and Freddie reduced their REMIC/CMO issuance by 22.5% and 27.7%, respectively...Read More
Bump in Servicing Income Not Enough to Offset 4Q Production Drop March 30, 2022 Brandon Ivey The writing is on the wall: It's time for mortgage originators to cut costs...Read More
A Sign of the Times: Executive Pay Adjusted Downward at Guild March 29, 2022 Paul Muolo In 2021, the San Diego-based lender/servicer earned $283.8 million, off 23.5% from the year prior.Read More
Third-Party Originations Gain Market Share in 2021 March 29, 2022 Brandon Ivey In the non-agency jumbo sector, the retail channel’s loss was more pronounced, falling from 87.8% to 78.7% in 2021.Read More
GSE Loan Repurchases Rise Sharply in Booming 2020-21 Market March 28, 2022 John Bancroft Repurchases on the 2020 vintage, currently $2.37 billion, likely will edge higher...Read More
S&P #1 in 2021 ABS Ratings, Moody's Takes the RMBS Crown March 25, 2022 John Bancroft Moody's more than quadrupled its annual RMBS ratings volume...Read More
Agencies Took Larger Share of 1-4 Mortgage Debt in 2021 March 24, 2022 John Bancroft Freddie posted the bigger gain of the two with a hefty 18.5% surge in single-family MBS outstanding...Read More
Jumbo Lending Through Correspondents Increases in Fourth Quarter March 23, 2022 Brandon Ivey The increase in correspondent lending was driven by JPMorgan Chase and Wells Fargo...Read More
Production Profitability Takes It On the Chin March 22, 2022 Paul Muolo MBA: "With revenue tightening and volume slowing, it is becoming increasingly important for companies to adjust costs"...Read More
RSS