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Rocket Issues New Debt, Buys Back Old Debt

October 7, 2021
Paul Muolo
The debt market isn't open for every nonbank, at least at a decent price...
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Cash-Out Refis: Boom Without the Bust

October 7, 2021
Dennis Hollier
An FHFA-OIG report suggests underwriting for the current wave of cash-out refinances is much better than in previous cycles.
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A Bull Market for MSRs Suddenly Arrives

October 7, 2021
Paul Muolo
Interested in buying mortgage servicing rights? You’re not alone, but pricing is beginning to accelerate. Yearend is less than three months away.
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A Reason to Pause on Mortgage Fintech Better.com?

October 7, 2021
Paul Muolo
No one ever said becoming a public company was easy, but a new public filing related to Better.com’s plans reveals some of the roadblocks that lie ahead. Will investors take note?
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First-Generation Homebuyer Downpayment Bill Introduced

October 7, 2021
Monica Hogan
The Downpayment Toward Equity Act, sponsored by Sen. Raphael Warnock, D-GA, would grant up to $25,000 in assistance to first-generation homebuyers. Its fate, though, depends on the final size of the Build Back Better Act.
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Banks Favor FDIC Proposal on Mortgage Servicing Accounts

October 7, 2021
Monica Hogan
Industry groups want the Federal Deposit Insurance Corp. to specify which payments into mortgage servicing accounts would qualify for coverage.
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On the Cusp of a Boom in Mortgage M&A Deals?

October 6, 2021
Paul Muolo
The Stratmor Group: “The historical relationship is clear. When profitability increases, owners hold onto their companies. When it falls, more look to sell.”
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Climate Risk Models Prove Challenging for Lenders

October 6, 2021
According to Sean Becketti, there are varying levels of confidence in how much climate change factors into different types of weather-related events...
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A Loss for the Public-Bound Better.com and a Warning on GOS

October 5, 2021
Paul Muolo
Founder and CEO Vishal Garg earned $25.3 million in 2020...
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GSE Purchases of Investor, Second-Home Loans Tumble

October 5, 2021
John Bancroft
Over the four-month period from May to August, Fannie and Freddie purchased $46.18 billion of IPL and SHL loans, down 47.9% from the first four months of the year.
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