by mdibrino@hqmloans.com | May 15, 2023 | Uncategorized
While its servicing business generated a revenue of $65.7 million, a change in the fair value of Home Point’s mortgage servicing rights (MSRs) outweighed the gain. The company posted a $139.8 million loss on its MSRs, with a total unpaid principal balance of $88.38...
by mdibrino@hqmloans.com | May 15, 2023 | Uncategorized
The multifamily market has remained resilient in the face of economic challenges, as solid demand kept rents rising but at a slower pace than in previous years. The average asking rent increased $5 in April to $1,709, according to the latest National Multifamily...
by mdibrino@hqmloans.com | May 15, 2023 | Uncategorized
“The mortgage delinquency rate fell to its lowest level for any first quarter since MBA’s survey began in 1979 and was the second lowest quarterly rate overall, just 11 basis points above the survey low in the third quarter of 2022,” said Marina Walsh, vice president...
by mdibrino@hqmloans.com | May 15, 2023 | Uncategorized
Verus Mortgage Capital has started preparing an RMBS transaction of non-qualified mortgages (non-QMs) and loans on investment properties valued at $606.4 million. Scheduled to close on May 23, the securitization deal is backed by mortgage loans originated by various...
by mdibrino@hqmloans.com | May 12, 2023 | Uncategorized
Her UMortgage colleague, Nate Fein, echoed the sentiment: “This is a win for consumers and loan officers,” he told MPA. Between the rising rates, inflation and property values, affordability has been a huge issue. This move would have made mortgages less affordable...
