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Grapevine: Another Fix-and-Flip M&A / Loading Up on MSRs

December 23, 2021
Paul Muolo and Brandon Ivey
It may be yearend but deals of all sorts are still percolating, whether servicing-related or the sale of “business purpose” lenders.
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GAO Finds Alternative Data Rarely Used in Underwriting

December 23, 2021
Sam Manas
The government watchdog found few instances where lenders incorporated alternative data in their underwriting.
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Rice Park and Hunter Street Close Deal for Fix-and-Flip Funder

December 22, 2021
Paul Muolo
As Christmas approaches, fix-and-flip originators are flying off the shelves...
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Banks Keep Adding to Their First-Lien Portfolios

December 22, 2021
Among the 10 largest banks in terms of first-lien investments, only top-ranked Wells Fargo reduced its portfolio during the July-September period.
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FHA’s Regulatory Workload Remains Significant in 2022

December 22, 2021
Monica Hogan
A spokesperson said HUD is assessing feedback on its proposal for a combination 40-year loan mod...
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More Servicing Packages Ready for the Auction Block

December 21, 2021
Paul Muolo
More MSR deals on the way? Count on it...
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Inspector General Recommends CFPB Overhaul Nonbank Examinations

December 21, 2021
Sam Manas
The IG pinpointed four specific problem areas for the supervision...
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Still No. 1 in Reverse Mortgage Lending: California

December 21, 2021
Monica Hogan
The second largest HECM state? Answer: Colorado...
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Supervisory Report Highlights Mortgage Servicing Violations

December 20, 2021
Sam Manas
The latest CFPB supervisory highlights report found violations in mortgage servicers’ handling of forbearance under the CARES Act, which examiners said amount to unfair or deceptive acts or practices.
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OIG Recommends CFPB Overhaul Nonbank Examinations

December 20, 2021
Sam Manas
The CFPB needs to ensure its staff know when to issue a consumer compliance rating to nonbanks and the criteria for selecting the examination. Also, the bureau needs to expand its examination workforce.
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