FHFA: Loans With Appraisal Waivers More Likely to Prepay November 23, 2022 Dennis Hollier The relationship between waivers and prepayments began to decline in April 2021, as the refinance wave cooled.Read More
A Consensus Forms: Housing Prices Are Plateauing November 23, 2022 Monica Hogan The recent rise in interest rates has slowed the pace of home price appreciation, according to reports from Zillow, Redfin and the National Association of Realtors.Read More
Time for UWM to Move Servicing Inhouse? Not Really November 23, 2022 Paul Muolo loanDepot moved its servicing inhouse. UWM is sticking with its two subservicing vendors...Read More
Despite Market Churn, MSR Financing Is in Good Supply November 23, 2022 John Bancroft There haven’t been many capital markets deals lately because spreads are too wide, noted one panelist...Read More
Delinquencies Fall Yet Again, Reaching an All-Time Low November 23, 2022 Andras Malatinszky Mortgage late payments were down in all default categories in 3Q22, with the exception of the 60-90-day bucket...Read More
Additional Bulk Servicing Auctions Hit the Circuit November 23, 2022 Paul Muolo It may be Thanksgiving week, but Phoenix and Prestwick are out with new MSR offerings...Read More
Short Takes: This Time, It’s Different / A Shorter Correction Timeline? / Foreclosures Rising / Hurricane Ian / Cardinal Hires loanDepot Vet / A Few Days Off… November 23, 2022 Paul Muolo and Sam Manas The hope is that the origination correction will be shorter than past ones...Read More
Trouble in Fix-and-Flip? Some Ominous Findings from Redfin November 22, 2022 Paul Muolo Investor purchases slumped 26.1% on a sequential basis.Read More
Publicly Traded Nonbanks Endure Another Harsh Earnings Cycle November 22, 2022 John Bancroft With interest rates steadily rising, MSR appreciation helped buoy results in the third quarter.Read More
NMLS Renewals Stumble Early On, But Then Recover November 22, 2022 Sam Manas Some advance change notices didn’t take effect...Read More