May 13, 2024By Paul MuoloMegabank Unloads a Large Chunk of MSRs. Size: $12B-$15BAt March 31, U.S. Bank owned $347.7 billion of MSRs, ranking ninth among all servicing owners.
May 3, 2024By Brandon IveyShort Takes: Ocwen Selling Some MSRs / Angel Oak Selling Off Older ECMs / Non-Agency Lender Takes Slight Loss / Attorneys Form Compliance AdvisorOcwen received an exceptionally strong bid for some of its MSRs and opted to sell.
May 1, 2024By Brandon IveyShort Takes: Mortgage Demand Declines / NewRez Spin-Off a Work in Progress / New HEI Securitization / More Non-Agency MBSOn an annual basis, mortgage applications were down 9.2%.
April 19, 2024By Brandon IveyShort Takes: Bank Expands Mortgage Efforts / AAA Ratings for the GSEs / Home Sales Decline / Small M&A Deal
April 15, 2024By Paul MuoloShort Takes: Chris George Strikes Again in New England / The Pacific Northwest Too / Banks Ceding Market Share / Awash in MSRs to Buy / Then and Now
April 9, 2024By Brandon IveyShort Takes: Rocket Speeds Loan Process With AI / AI Officer at FHFA / Pretium Affiliate Wins NPL Auction / CMBS Investor Changes Hands
March 29, 2024By Brandon IveyShort Takes: FHFA to Improve Exam Practices / Better Taps Real Estate Agents / Doma Plans to Go Private / Pending Home Sales Up Slightly
February 28, 2024By Brandon IveyShort Takes: Cyber Attack to Cost loanDepot at Least $12 Million / Mortgage Applications Decline / Home Prices Up in December / Sales of New Homes Increase / Pretium Sells a Stake
February 27, 2024By Brandon IveyShort Takes: Treasury Focusing on Property Insurance Costs / Chase Stocks MBS With HELOCs From Nonbanks / Great Ajax Turns to Rithm / KBW Sees Upside in GSE Stock