HousingWire, Aug. 9, 2022–Bill ConroyThe REIT, which is managed by investment advisor Western Asset Management Co. LLC, recently announced that it is exploring a potential company sale or merger in …
Category: Top National News
Lower Profits for Nation’s #3 Originator, UWM. MSRs Bolster Weaker Originations
Inside Mortgage Finance, Aug. 9, 2022–Brandon IveyUnited Wholesale Mortgage posted net income of $215.4 million for the second quarter, a sequential decline of 52.5% as higher interest rates and lower …
Volatility in Expanded-Credit Market Shakes Up MBS Contributors
Inside Mortgage Finance, Aug. 8, 2022–Brandon IveyLenders that have traditionally served as the leading contributors to expanded-credit MBS slowed their activity during the second quarter.https://www.insidemortgagefinance.com/articles/225348-volatility-in-expanded-credit-market-shakes-up-mbs-contributors?v=preview
Volatility in Expanded-Credit Market Shakes Up MBS Contributors
Inside Mortgage Finance, Aug. 8, 2022–Brandon IveyLenders that have traditionally served as the leading contributors to expanded-credit MBS slowed their activity during the second quarter.https://www.insidemortgagefinance.com/articles/225348-volatility-in-expanded-credit-market-shakes-up-mbs-contributors?v=preview
Mortgage Insurer Earnings Grow in 2Q
National Mortgage News, Aug. 8, 2022–Brad Finkelstiein (subscription)Private mortgage insurers reported strong earnings during a quarter in which their mortgage originator clients were not doing so well.https://www.nationalmortgagenews.com/list/mortgage-insurer-earnings-grow-in-2q
Homeowners Seek HELOC Loans to Unlock Equity As the Fed Hikes Interest Rates
CNet, Aug. 8-8-22–Alix LangoneAs the Federal Reserve continues to jack up interest rates, homeowners are shifting their attention from refinancing to HELOCs and home equity loans.https://www.cnet.com/personal-finance/mortgages/homeowners-seek-heloc-loans-to-unlock-equity-as-the-fed-hikes-interest-rates/
Why Non-QM Lending is Not Going Away
HousingWire, Aug. 8, 2022HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022.https://www.housingwire.com/articles/why-non-qm-lending-is-not-going-away/
Mortgage Insurer Earnings Grow in 2Q
National Mortgage News, Aug. 8, 2022–Brad Finkelstiein (subscription)Private mortgage insurers reported strong earnings during a quarter in which their mortgage originator clients were not doing so well.https://www.nationalmortgagenews.com/list/mortgage-insurer-earnings-grow-in-2q
Homeowners Seek HELOC Loans to Unlock Equity As the Fed Hikes Interest Rates
CNet, Aug. 8-8-22–Alix LangoneAs the Federal Reserve continues to jack up interest rates, homeowners are shifting their attention from refinancing to HELOCs and home equity loans.https://www.cnet.com/personal-finance/mortgages/homeowners-seek-heloc-loans-to-unlock-equity-as-the-fed-hikes-interest-rates/
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 …