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Maybe Better.com Should Just Sell Its Assets

December 16, 2021
Paul Muolo
Faced with a not-so-welcoming IPO market earlier this year, AmeriHome and Caliber Home Loans did the next best thing: The two public-bound nonbanks found willing buyers to pay a decent price. Should Better.com do the same?
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Huge Bulk MSR Deals Pending as Year Winds Down

December 16, 2021
Paul Muolo
The servicing sales market continues to burn white hot, thanks to pent up demand. Next stop: 2022. Bring your checkbook.
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OIG Calls on CFPB to Improve Supervision of Nonbanks

December 16, 2021
Sam Manas
One of the recommendations: the Consumer Financial Protection Bureau should create a registry of nondepository institutions that fall within its jurisdiction.
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FHFA Tabulates Examples of Appraisal Bias

December 16, 2021
Dennis Hollier
Free-form text fields in appraisal documents frequently contain property descriptions that may violate fair lending laws.
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Can Cash-out Refis Buffer the Layoff Picture?

December 15, 2021
Also, several shops are aggressively marketing to their servicing customers, pitching cash-out refis.
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Securitization Rate Declines as Agency Footprint Shrinks

December 15, 2021
John Bancroft
Originations of conventional-conforming and government-insured mortgages declined by 4.5% during 3Q21...
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Fix-and-Flip Lender Pays 6% for Five-Year Paper

December 15, 2021
Paul Muolo
The fix-and-flip market has been red hot the past five years, but...
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Slow but Steady Growth for the Subservicing Sector

December 14, 2021
Paul Muolo
The biggest issue for the sector rests on the future of market leader Cenlar FSB, which in October was sanctioned by the OCC...
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Banks Report 3Q21 Decline in Mortgage Repurchases

December 14, 2021
John Bancroft
Wells Fargo repurchased $46.0 million of residential loans during the third quarter, tops among all depositories...
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Production Income Gains as Servicing Turns Profitable

December 13, 2021
John Bancroft
Figures gathered by the Mortgage Bankers Association suggest that production and secondary marketing income rose on a per-loan basis even though production efficiency was off.
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