by mdibrino@hqmloans.com | May 5, 2023 | Uncategorized
Rocket Mortgage posted $17 billion in closed origination loan volume. Gain on sale margin was 2.39%. The company’s total liquidity was $8.1 billion, including $0.9 billion cash-on-hand, $2.4 billion of corporate cash used to self-fund loan originations, $3.1...
by mdibrino@hqmloans.com | May 5, 2023 | Uncategorized
The Fed raised its benchmark rate by 25 basis points to the highest level in 16 years. This puts the Fed’s interest rate between 5% and 5.25%. But the hike is expected to be the last, or at least for a while, according to Greg McBride, chief financial analyst at...
by mdibrino@hqmloans.com | May 5, 2023 | Uncategorized
Meanwhile, 3% of mortgaged homes, or one in three, were considered seriously underwater in the first quarter. That figure was almost unchanged from 2.9% in the previous quarter and down from 3.2% in the same period a year ago. “Homeowners across the US continue...
by mdibrino@hqmloans.com | May 5, 2023 | Uncategorized
“Fortunately, our execution in late-2022 in accordance with our strategic plan to reposition our portfolio, improve liquidity, and reduce risk, allowed AOMR to weather the continued volatility,” Prabhu said in the company’s financial report....
by mdibrino@hqmloans.com | May 4, 2023 | Uncategorized
Calyx Software is mortgage loan origination software designed to help users with mortgage loan and marketing processes. To help you streamline your processes, Calyx offers multiple tools, including, among others: Calyx Point Portfolio Producer Calyx...
