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Lending (1530)

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
Lending
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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
Lending
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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...
Ishbia on Rocket’s Gilbert: “He Doesn’t Like Me and I Don’t Like Him”

Ishbia on Rocket’s Gilbert: “He Doesn’t Like Me and I Don’t Like Him”

Thursday, 04 May 2023
Lending
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United Wholesale Mortgage CEO Mat Ishbia has used some pointed words to address the rivalry between himself and Rocket Mortgage owner Dan Gilbert. So reports The Detroit Free Press. Read more...
Rocket CEO Farner’s Pay Nearly Quintuples in Final Year

Rocket CEO Farner’s Pay Nearly Quintuples in Final Year

Thursday, 04 May 2023
Lending
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Jay Farner, set to retire as CEO of Rocket Companies on June 1, received total compensation of $9.469 million last year, up from $1.603 million in 2021, according to a regulatory filing. So reports The Detroit News. Read more...
Bodnar of MMG: Bonds Like Bad News

Bodnar of MMG: Bonds Like Bad News

Friday, 28 April 2023
Lending
Written by
"First Republic's problems late on a Friday are good news for rates," observes Bill Bodnar of the Mortgage Market Guide. "Bonds like bad news." Read more...

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