In a recent ruling, the Nevada Supreme Court decided that in the case of Nationstar Mortgage, LLC v. SFR Investments Pool 1, LLC, a homeowner’s association priority lien cannot extinguish a first deed of trust in an HOA foreclosure sale. This is a win for Fannie Mae and Freddie Mac. Twenty-two states have super-lien laws that allow HOAs to take priority over first mortgages and foreclose the property to collect unpaid fees of up to six months’ worth. In 2014, the Nevada Supreme Court ruled that an HOA could indeed extinguish a senior mortgage. But Nationstar Mortgage argued...

The Seneca portfolio is so clean that it has attracted the interest of Chase, which hasn’t bought a bulk MSR package in years…

“Last year we did about $23 billion in originations and this year I expect us to hit between $27 billion and $30 billion,” said UWM CEO Mat Ishbia.

The bank’s servicing portfolio remained just about flat at June 30, coming in at $232.4 billion...

Over the past two years PIMCO has been a major buyer of nonprime/non-QM whole loans in the secondary market…

A press statement on the sale included no production or servicing information for either company…

Applications are heading northward again...

Another nonprime MBS deal is ready to hit the market, this one from Invictus Capital Partners...

Outstanding MBS servicing at Fannie actually declined slightly in the second quarter…

Currently, lenders are permitted, under certain limited circumstances, to use revised estimates…