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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...
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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...
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Trouble in Fix-and-Flip? Some Ominous Findings from Redfin

November 22, 2022
Paul Muolo
Investor purchases slumped 26.1% on a sequential basis.
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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.
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NMLS Renewals Stumble Early On, But Then Recover

November 22, 2022
Sam Manas
Some advance change notices didn’t take effect...
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New GSE LLPA Rules Kick In Next Month

November 22, 2022
Dennis Hollier
The fee reductions were supposed to go into effect as soon as possible...
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FHA Now Accepting Private Flood Insurance Policies. Meaning?

November 22, 2022
Paul Muolo
The big question: Will private sector flood premiums be able to compete with the NFIP?
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CFPB Appeals Funding Decision to the Supreme Court

November 21, 2022
Sam Manas
The bureau, which is speeding things up to make sure the case is decided by June, says the Fifth Circuit decision contradicts the Constitution, historical practice, and case law.
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'Pay-to-Pay' Fees Under Fire in Court and at Bureau

November 21, 2022
Sam Manas
LoanCare agrees to pay $4.5 million to settle a class-action suit centered on whether “convenience” fees for paying by phone or online are allowed in West Virginia. Meanwhile, the bureau is making servicers refund fees for paying by phone. 
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CFPB Could Fine Wells Fargo $1 Billion, Again

November 21, 2022
Sam Manas
Wells Fargo and the CFPB are reportedly negotiating over violations in several lines of business at the megabank. Separately, Sen. Elizabeth Warren (D-MA) is continuing her effort to draw attention to fraudulent instant payments. 
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