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Originations

Two takes a loss on settlement, emerges with ‘clean slate’

Earnings, Originations, REITs, Servicing /

Two, a mortgage real-estate investment trust, reported a third-quarter loss as it absorbed previously announced settlement costs while also releasing news of some volume gains in subservicing and originations. RoundPoint’s corporate parent reported a net loss to common shareholders of almost $141.25 million or nearly $80.21 million on a comprehensive basis. Common shares’ second quarter […]

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Mortgage rates, home prices improve in Fannie Mae forecast

Economy, Mortgage Rates, Originations, Secondary markets /

Fannie Mae’s latest economic and housing outlook reflects more positive expectations. The government-sponsored entity notably lowered its mortgage rate expectations for the end of the year to 6.3% from 6.4% in its previous outlook, while its 2026 fourth quarter forecast remained the same at 5.9%. A quarter-over-quarter drop to 6.3% from 6.6% would mark the

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KBW says loan level pricing cuts could hurt GSE earnings

LOAN PRODUCTS, Originations, Politics and policy, Secondary markets, The Great American Mortgage Corporation, Underwriting /

If federal regulators were to reduce or do away with loan level pricing adjustments at the government-sponsored enterprises, the effect on borrowers would be modest, but it would reduce earnings at Fannie Mae and Freddie Mac, a Keefe, Bruyette & Woods analysis found. Lower return on equity could put a crimp in privatization plans as

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ICE’s Andy Walden: FHA performance a “yellow flag” right now

Mortgage Rates, Originations, Servicing /

The mortgage market could be on the cusp of a bigger turnaround.  The industry, already enjoying declining interest rates, is approaching a rate threshold that could unlock more refinance volume, said Andy Walden, head of mortgage and housing market research at Intercontinental Exchange.  “An eighth of a point move, that little mini-move, gave us about

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Primelending management cautiously optimistic about 2026

Earnings, MARKETING TO BORROWERS, Originations, Secondary markets /

After another money-losing quarter for Primelending, Hilltop Holding’s mortgage subsidiary through Plainscapital Bank, company management was cautiously optimistic about the future. In the third quarter, the mortgage business lost $7.2 million on a pretax basis. While it did turn a pretax profit of $3.2 million in the second quarter, in the three prior periods, Primelending

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Profits up while sales fall: How homebuilders did it

Earnings, Homebuilders, Housing markets, Originations /

Publicly traded homebuilders were tested in the most recent quarter by slowing volume and political and economic factors, but proved resilient as they navigated through various challenges.                Companies reported shrinking profits but still posted positive numbers, with falling mortgage rates providing some boost, even as consumer sentiment languishes.   Although the cloud of tariff policies continues

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Waterstone Mortgage profits surge even as loans fall

CAREER & COMPENSATION, Earnings, Originations, Secondary markets /

Waterstone Financial’s mortgage banking business recorded much higher net and pretax income in the third quarter compared to performance one year prior, even as the company produced 3.5% fewer loans. The company, in both its mortgage banking and community banking segments, was able to sustain its improved performance for the year during the quarter, said

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Mortgage rates fall to lowest mark in over a year

Industry News, Mortgage Rates, Originations /

Limited economic data has economists expecting the Federal Reserve to maintain its rate-cutting posture, but other factors might be having a greater effect on mortgage lending, with the 30-year fixed rate mortgage interest rate average now at a 2025 low.  Even with the relatively flat movement of yields, which often sway the direction of mortgage

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US existing-home sales rise to fastest pace in 7 months

Housing Inventory, Originations, Real Estate /

Sales of previously owned homes in the US rose modestly last month as lower mortgage rates and tamer price gains sparked some activity in the nation’s long-stagnant housing market. Contract closings increased 1.5% to an annual rate of 4.06 million in September, the highest in seven months, according to National Association of Realtors figures released

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