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All six companies were profitable in the fourth quarter and the full year, but had far less new volume than in 2021.
February 15
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The government-sponsored enterprise expects a "moderate recession" in the first half of 2023.
February 14
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Executives at the company said building special-servicing capacity will help the company brace itself for a potential change in the credit cycle.
February 10
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The company, which recorded positive comprehensive income based on unrealized RMBS gains, sees potential buying opportunities in bulk mortgage-servicing rights amid a wave of sales by Wells Fargo and others.
February 9
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The company's mortgage operations posted a $24 million pretax profit thanks to servicing, while loan production saw a loss.
February 8
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The company's controlling shareholder wants to replace former HUD Deputy Secretary Pam Patenaude on its board with title company executive Steve Ozonian.
February 8
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Adding pricing considerations tied to debt-to-income ratios, which frequently fluctuate, are destined to create problems with borrowers and internal operations, the Mortgage Bankers Association wrote.
February 7
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Servicing was strong relative to some analysts' estimates, but thin margins and higher-than-expected expenses in originations reduced earnings for the fiscal period.
February 3
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Industry headwinds led numbers at the software and data provider downward at the end of the year, but company leaders said the unit is positioned well for a market snapback.
February 2
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Freddie Mac previously announced a similar change set to go into effect for mortgages with settlement dates on or after March 7.
February 2
