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WEBA blog post from the Consumer Financial Protection Bureau cited data from the pandemic refi boom to show Blacks and Hispanics had limited opportunity to drop their interest rate. News analysis and perspective from National Mortgage News, an award-winning comprehensive digital resource serving the entire residential mortgage industry.
Extension risk likely for current non-QM securitizations: S&P
WEBJun 14, 2022 · Extension risk, which occurs when loans do not prepay as fast as expected, is now inevitable for the majority of non-qualified mortgage securitizations, and investors need to take steps to mitigate this, Standard & Poor's warned. Brad Finkelstein. Originations Editor, National Mortgage News. For reprint and licensing requests for this article ...
2021 mergers and acquisitions in the mortgage industry | National ...
WEBDec 26, 2021 · The $9.2 billion-asset Veritex said in a press release that it will pay $53.9 million in cash for a 49% stake in Thrive. The deal is expected to close in the middle of 2021. Thrive operates in several states, including Texas, Ohio, Colorado, Kentucky, North Carolina, Kansas, Virginia, Florida, Maryland and Indiana.
Originations hit a record $4.4 trillion in 2021
WEBMar 7, 2022 · The $1.7 trillion in purchase lending is the most ever recorded, according to Black Knight’s Mortgage Monitor Report of January data. Refi originations fell 34% last year compared to 2020 but still accounted for $2.7 trillion in volume, including $1.2 trillion in cash-out refis, the most since 2005.
20 mortgage servicing banks with the largest MSR volumes
WEBOct 24, 2022 · The top five banks in our ranking have a combined MSR volume of more than $15 billion at the end of Q2. Many servicers saw growth between Q1 and Q2, with one seeing growth of 42.14%. This ranking is based upon MortgageStats data drawn from uniform bank performance reports filed to the Federal …
20 banks with the most mortgage origination volume in Q4
WEBFeb 27, 2024 · Scroll through to see which residential lenders are in the top 20 and how they fared through the end of December 2023. NMN Staff. Originations Industry News. The top five lenders — JPMorgan Chase, US Bank, Flagstar Bank, Truist Bank and Goldman Sachs — have an average mortgage origination volume of more than $7.4 billion.
2021's Top Producers, Nos. 1-50 - National Mortgage News
WEBApr 12, 2021 · For the first time in the 23-year history of National Mortgage News' survey, there is a billion dollar producer at the top of the list. Christopher Gallo, a senior loan officer at NJ Lenders Corp. in Ho-Ho-Kus, N.J., logged …
2020's mergers and acquisitions in mortgage
WEBDec 28, 2020 · Intercontinental Exchange buys Ellie Mae for $11B. Intercontinental Exchange, which also owns MERS and Simplifile acquired Ellie Mae from private equity firm Thoma Bravo in a deal that valued the mortgage-lending platform at about $11 billion. Thoma Bravo took Ellie Mae private in a $3.7B deal in February 2019.
Mortgage default rate rises to high not seen since fall of 2020
WEBJul 20, 2022 · The first-lien mortgage default rate during the month was 0.38% or 38 basis points, compared to 0.36% in May and 0.26% a year earlier. The default rate in that category hasn’t been that high since September 2020, when it was 0.46%.
Layoffs hit three more mortgage lenders - National Mortgage News
WEBJun 10, 2022 · Lenders to technology providers alike have trimmed their workforces since the beginning of the year, although nonbank payrolls through April were higher than the same time last year. Some larger rounds of layoffs were announced after first quarter earnings reports, including Mr. Cooper’s termination of approximately 5% of its workforce in July and PennyMac’s reduction of 190 California ...