Tagged: Fitch Ratings

Prime rose to 7% while the 10-year Treasury remained near 5%, giving originators two different borrower conversations

The structured-finance data provider’s first employee succeeds Rahbar following more than a decade with the company

Fitch downgraded the wholesale giant after leverage reached 6.1x, saying the preferred investment changes UWM’s funding structure but does not immediately reduce its debt burden

New hires from Onslow Bay Financial, Better Mortgage, and Sharestates join sales and operations teams

Fitch ratings reports increased delinquency rates across non-qualified mortgage loans

“We do not need to be in a hurry to adjust our policy stance,” Powell told reporters at Wednesday's press conference

Improved profitability expected for largest nonbank mortgage lenders — if higher origination volumes actually materialize.

“We welcome today’s reading and hope for more like that,” Fed Chair Powell said at the close of Wednesday's FOMC meeting.

Bank statement loans a particular area of weak loan performance, Fitch data show.

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.