Nonprime Servicers Expand Portfolios in 2021 March 8, 2022 Brandon Ivey Select Portfolio Servicing remained the largest nonprime servicer at yearend with estimated balances of $133.0 billion...Read More
A Field to be Plowed: VA Cash-out Refis March 8, 2022 Monica Hogan VA cash-out refis allow borrowers to access up to 100% of the equity in their home...Read More
Fannie, Freddie Servicing Rights Go Out For Bid March 8, 2022 Paul Muolo Final bids are due in mid March.Read More
A Nice Bounce Back for Expanded-Credit Lending in 2021 March 7, 2022 Brandon Ivey Participants in the sector view the small market share as a sign there’s plenty of room for growth...Read More
Lenders One Teams Up With Walmart March 7, 2022 Sam Manas Lenders One also recently launched a credit reporting agency...Read More
Subservicing Continues to Spread, Posts Steady Gains in 4Q March 7, 2022 More private equity shops, such as Marlin Mortgage Capital, are entering the MSR ownership circle but want someone else to process their loans...Read More
FHA Denial Rates Outpace Underlying Risk, Study Finds March 7, 2022 Monica Hogan HUD said disparities also cannot be explained away by “other elements of underwriting," such as under-appraisals...Read More
Reverse Mortgage Industry Foresees Growth March 4, 2022 Monica Hogan Demand for reverse mortgages has grown in recent years, with more expansion expected in 2022 for both FHA home-equity conversion mortgages and proprietary reverse loans.Read More
VA Lender: Cash-Out Refis on the Rise March 4, 2022 Monica Hogan Veterans still recovering from the financial impact of the pandemic are tapping into home equity, according to ClearPath Lending officials.Read More
FHA Loan Denial Rates Outpace Underlying Risk, Study Finds March 4, 2022 Monica Hogan HMDA data suggest disparities in the denial rates for FHA mortgages can’t be explained by differences in default risk alone.Read More
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