National Mortgage News, Aug. 5, 2022–Brad Finkelstein (subscription)Nonbank mortgage payrolls declined for the second consecutive month, but with mass firings increasing towards the end of June, the most recent statistics …
Category: Top National News
Guild Still Eyeing Acquisitions as Profits Falter in Q2 2022
HousingWire, Aug. 5, 2022–Flávia Furlan NunesGuild Mortgage’s second-quarter earnings suggest that a high share of purchase loans won’t necessarily be enough to protect lenders from the most challenging and volatile …
Redfin 2Q Revenues Up, Profits Down
National Mortgage Professional, Aug. 5, 2022–Steve GoodeThe company, which laid off about 6% of it’s workforce in June due to a downturn in home purchases as interest rates increased at …
6 Reasons to Watch the Digital Mortgage Space
National Mortgage News, Aug. 5, 2022–Courtney Hoff (subscription)A home buying frenzy has many lenders considering new technology as a means to address the needs and preferences of future clients.https://www.nationalmortgagenews.com/list/6-reasons-to-watch-the-digital-mortgage-space
Mortgage Lender to Close Melville Office, Lay Off 71
Newsday (N.Y.), Aug. 5, 2022–Victor OcasioRoundPoint Mortgage Servicing Corp., a non-bank mortgage lender and refinancer, will be closing its Melville, N.Y., offices this fall, laying off 71 employees, according to …
Agency MBS Issuance Falls to 2022 Low in July
Inside Mortgage Finance, Aug. 5, 2022–John BancroftFannie Mae, Freddie Mac and Ginnie Mae issued a combined $129.42 billion of single-family MBS last month, according to loan-level disclosures that round off …
These Amenities May Find a Home
The Housing Scene (UExpress), Aug. 5, 2022–Lew Sichelman“What consumers want in a community is shifting, requiring master plan and rental community developers to rethink once-standard amenities and respond to changing …
Largest Servicers Lose Some Market Share in Second Quarter
Inside Mortgage Finance, Aug. 4, 2022–John BancroftThree of the five largest services saw their portfolios shrink in the second quarter.https://www.insidemortgagefinance.com/articles/225324-largest-servicers-lose-some-market-share-in-second-quarter?v=preview
Ocwen’s Strategy Shift Notches Modest Win in Q2 Earnings
National Mortgage News, Aug. 4, 2022–Bonnie Sinnock (subscription)Ocwen Financial eked out a second quarter profit due to cost cuts, appreciation in owned mortgage servicing rights, and a shift to higher-margin …
Reverse Mortgage Market May Be Teetering on Collapse
Orange County Register, Aug. 4, 2022–Jeff LazersonRising interest rates, FHA mortgage insurance premiums and huge rebates to loan originators leave senior borrowers little opportunity to pull out cash. (MBA mention)https://www.ocregister.com/2022/08/04/reverse-mortgage-market-may-be-teetering-on-collapse/