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Lending (1519)

IMBs Averaged $1,972 Loss Per Loan in First Quarter of 2023

IMBs Averaged $1,972 Loss Per Loan in First Quarter of 2023

Monday, 22 May 2023
Lending
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The Mortgage Bankers Association has shared new data showing that independent mortgage banks and mortgage subsidiaries of chartered banks lost an average of $1,972 on each loan originated in the first quarter of the year. So reports The Hill. Read more...
Bodnar of MMG: 3 Big Market-moving News Events

Bodnar of MMG: 3 Big Market-moving News Events

Monday, 22 May 2023
Lending
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Bill Bodnar of the Mortgage Market Guide shares his thoughts on three big news events midday Friday that moved the markets as we head into the coming week. Read more...
UWM, Rocket Post Second Straight Quarterly Losses

UWM, Rocket Post Second Straight Quarterly Losses

Sunday, 14 May 2023
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United Wholesale Mortgage and Rocket Mortgage each posted their second straight quarterly losses in the first quarter of 2023—just the second quarterly losses ever for the rival companies since going public. So reports the Detroit Free Press. Read more...
Mr. Cooper Buy Home Point for $324M

Mr. Cooper Buy Home Point for $324M

Sunday, 14 May 2023
Lending
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Dallas-based Mr. Cooper Group has agreed to acquire Michigan-based Home Point Capital for $324 million and will take on $500 million of Home Point’s outstanding debt. So reports The Real Deal. Read more...
April Rate Lock Volumes Fall Despite Cooling Rates

April Rate Lock Volumes Fall Despite Cooling Rates

Sunday, 14 May 2023
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Rate lock volumes dropped in April even though mortgage rates were also lower during the month. So reports TheMReport. Read more...
Mortgage Rates Drift Lower for Second Straight Week

Mortgage Rates Drift Lower for Second Straight Week

Sunday, 14 May 2023
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Mortgage rates have edged down for two consecutive weeks amid signs of cooling inflation. So reports CNN. Read more...
Bodnar of MMG: Why Rates Have Been Unable to Improve

Bodnar of MMG: Why Rates Have Been Unable to Improve

Sunday, 14 May 2023
Lending
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"Rates have been unable to improve because of clear technical barriers," says Bill Bodnar of the Mortgage Market Guide (MMG). Read more...
Bodnar of MMG: A Mixed Bag for Jobs

Bodnar of MMG: A Mixed Bag for Jobs

Friday, 05 May 2023
Lending
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"The Jobs Report was a mixed bag," according to Bill Bodnar of the Mortgage Market Guide. Bodnar notes that as of right now, there's a chance the Fed stays pat in June. Read more...
Mortgage-Backed Securities Issuance Drops to 23-Year-Low

Mortgage-Backed Securities Issuance Drops to 23-Year-Low

Thursday, 04 May 2023
Lending
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In the first four months of 2023, global mortgage-backed securities issuance fell to its lowest level in 23 years. So reports Reuters. Read more...
Fannie Mae 1Q Profits Climb Despite Lower Revenues

Fannie Mae 1Q Profits Climb Despite Lower Revenues

Thursday, 04 May 2023
Lending
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Fannie Mae has announced first-quarter net income of $3.78 billion, more than double the fourth quarter of 2022 but down 14% from a year earlier. So reports NEXTMortgageNews. Read more...

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