Lender buybacks of Fannie and Freddie mortgages remained at microscopic levels in early 2019, although there was a sharp increase in the pipeline of unresolved repurchase demands.
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The company is offering buyout packages to selected employees, a fact con-firmed by the Federal Housing Finance Agency. Is Freddie Mac going to do the same? Hard to say. The company didn’t respond to a media inquiry.
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Nine of the top 10 bank loan sellers reported reduced secondary market activity in the first quarter. Citigroup was an outlier, more than doubling its fourth-quarter volume.
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Quicken stands out among nonbanks rated by Moody's Investors Service. The rating service said Quicken's earnings potential is among the highest in the group.
Experts at a recent conference agree that MSR pricing and liquidity in the Ginnie Mae market remain solid although a little off from 2018, when investor appetite seemed insatiable.
Mortgage technology company Blend this week raised $130 million in a new round of funding. The company said going public is a “possibility” in the future.
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The nonbank plans to hire nearly 1,400 employees by the end of the year. Several other lenders are also hiring as interest rates remain relatively low.
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