As mortgage rates continue to rise, originations are not the only side of the industry affected. So how is the servicing sector reacting?
The post How are higher mortgage rates affecting servicing? appeared first on HousingWire.
As mortgage rates continue to rise, originations are not the only side of the industry affected. So how is the servicing sector reacting?
The post How are higher mortgage rates affecting servicing? appeared first on HousingWire.
When you use your data to track the right metrics for mortgage servicing, you are empowered by such insights to focus on the most important things for your business and provide smart scaling.
The post Opinion: Use data to scale your mortgage servicing business appeared first on HousingWire.
When you use your data to track the right metrics for mortgage servicing, you are empowered by such insights to focus on the most important things for your business and provide smart scaling.
The post Opinion: Use data to scale your mortgage servicing business appeared first on HousingWire.
Mr. Cooper's second quarter profits, which marked big declines from both the same quarter in 2021 and the previous period this year, were heavily driven by a $196 million positive mark-to-market valuation on its mortgage servicing rights.As predicted, earnings in both its servicing and originations segments were down compared with the year-ago period."The quarter was consistent with our expectations andβ¦our results demonstrated the consistency and predictability of our business model," Chairm...
Mr. Cooper's second quarter profits, which marked big declines from both the same quarter in 2021 and the previous period this year, were heavily driven by a $196 million positive mark-to-market valuation on its mortgage servicing rights.As predicted, earnings in both its servicing and originations segments were down compared with the year-ago period."The quarter was consistent with our expectations andβ¦our results demonstrated the consistency and predictability of our business model," Chairm...
PennyMac notched $129 million in profit during the second quarter as it reduces expenses and relies on servicing to offset declines in origination production.
The post Servicing business carries Pennymac in Q2 2022 appeared first on HousingWire.
PennyMac notched $129 million in profit during the second quarter as it reduces expenses and relies on servicing to offset declines in origination production.
The post Servicing business carries Pennymac in Q2 2022 appeared first on HousingWire.
Community banksβ second-quarter results are expected to show increased interest income and profits as the impact of aggressive Federal Reserve rate hikes becomes evident. But it's not all good news βΒ as rates climb further, depositors will begin to demand higher interest payments as well, eventually driving up banksβ costs.This would come on top of already rising operational and staffing expenses amid a surge in inflation this year. Federal data shows inflation hit a 40-year high in May....
Community banksβ second-quarter results are expected to show increased interest income and profits as the impact of aggressive Federal Reserve rate hikes becomes evident. But it's not all good news βΒ as rates climb further, depositors will begin to demand higher interest payments as well, eventually driving up banksβ costs.This would come on top of already rising operational and staffing expenses amid a surge in inflation this year. Federal data shows inflation hit a 40-year high in May....
Ocwen's net income fell to $10 million in Q2, though CEO Glen Messina insists that the current stock price is not reflective of company value.
The post Ocwen earnings down amid higher rates, spreads appeared first on HousingWire.
Ocwen's net income fell to $10 million in Q2, though CEO Glen Messina insists that the current stock price is not reflective of company value.
The post Ocwen earnings down amid higher rates, spreads appeared first on HousingWire.
For as long as Iβve been in the design and construction industry - and certainly a lot longer - people have been looking for shortcuts to business development. Depending upon whether you serve public or private clients, as well as the market sectors within those spaces, the business development cycle can take years from your initial outreach to a prospect until a deal is closed. Or from when you first learn about a project until it is actually funded and design or construction pro...
For as long as Iβve been in the design and construction industry - and certainly a lot longer - people have been looking for shortcuts to business development. Depending upon whether you serve public or private clients, as well as the market sectors within those spaces, the business development cycle can take years from your initial outreach to a prospect until a deal is closed. Or from when you first learn about a project until it is actually funded and design or construction pro...
