Production in First Quarter of 2025 Above 2024 Level April 25, 2025 Brandon Ivey An estimated $355.0 billion of mortgages were originated in the first quarter of 2025, up 10.9% from the same period a year ago.Read More
Income Plummets at Rithm’s Mortgage Unit in First Quarter April 25, 2025 Brandon Ivey Much of the swing was tied to a decline in the value of mortgage servicing rights.Read More
Losses Pile Up at PlainsCapital Bank’s PrimeLending April 25, 2025 Brandon Ivey PrimeLending took an $8.3 million pre-tax loss in the first quarter of 2025.Read More
Agency MBS REITs Lean on Liquidity Amid Volatility April 25, 2025 Brandon Ivey “We were able to navigate that by basically just doing nothing and allowing the market to sort of go through what it had to go through,” said Peter Federico, president, CEO and chief investment officer of AGNC Investment.Read More
Short Takes: Sales of Existing Homes Slow / Profit on Sale of Warehouse Unit / New Type of Securitization From Figure April 25, 2025 Brandon Ivey Sales of existing homes declined in March on a monthly basis and compared with March 2024.Read More
CrossCountry Leads Contributors to Expanded-Credit MBS April 24, 2025 Brandon Ivey CrossCountry contributed $942.1 million in loans to expanded-credit MBS issued during the first quarter of 2025.Read More
Mr. Cooper Sees Room for Growth With Subservicing April 24, 2025 Brandon Ivey Mr. Cooper's subservicing declined during the first quarter of 2025 as some customers left following Mr. Cooper's acquisition of Flagstar Bank.Read More
Amerant Bank Retreats on Mortgage Lending April 24, 2025 Brandon Ivey The bank will shift from lending in 30 states to focusing on customers in its branch network in Florida.Read More
Chase Brings Two Prime Non-Agency MBS April 24, 2025 Brandon Ivey Only three other prime non-agency MBS have hit the market this month.Read More
Short Takes: Sales of New Homes Increase / No Questions for Mr. Cooper / Loss on Sale to A&D / Hsieh’s Monthly Expense Reimbursement April 24, 2025 Brandon Ivey Sales of new homes increased on both monthly and annual bases in March.Read More