Freddie Mac Earnings Up 37% In 1Q 2022
New business activity, however, was down 43% YOY as refinance activity moderated.
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David Krechevsky
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David Krechevsky was an editor at NMP.
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KBRA Assigns Preliminary Ratings To $569.1M Non-QM Offering
The CSMC 2022-NQM3 Trust RMBS offering comprises 1,137 residential mortgages characterized by a significant concentration of loans underwritten using alternative income documentation.
Flagstar Bancorp 1Q Earnings Down 64% YOY; Cut 20% Of Mortgage Staff
CEO says he is optimistic about 2022 after the bank navigated a 'transitionary period' in the first quarter.
Apr 27, 2022
New Home Sales Fell 8.6% In March
Sales of new single-family homes fell in every region in March from a month earlier.
Apr 26, 2022
loanDepot Hires Former CoreLogic Exec As CEO
Founder Anthony Hsieh ascends to executive chairman; Frank Martell to lead the management team and oversee daily operations.
Apr 26, 2022
CFPB Invokes Dormant Authority To Examine Nonbank Companies
Bureau seeking comment on updated procedures
Apr 25, 2022
Wells Fargo Confirms Mortgage-Related Job Eliminations
The bank reported a first-quarter drop in net income that was the largest it had seen since 2003 and was largely driven by lower refinancing activity.
Apr 25, 2022
FHLBank of Boston’s Earnings Up 33% YOY
Bank credits earnings increase in part to rising mortgage interest rates.
Apr 25, 2022
Fitch Expects To Rate Non-QM RMBS Offering
With a balance of $346.1 million, the New Residential Mortgage Loan Trust notes are secured mainly by Non-QM loans.
PCF Wholesale Halts New Wholesale Submissions
Terse email sent Thursday leaves many unanswered questions.