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All Hail the Return of MSR ‘Markups,’ At Least for Now

April 29, 2021
Paul Muolo
It’s a given: When rates rise, servicing values increase. Problem is, there hasn’t been much rate-rising going on. That is, until recently.
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Nation’s Largest Wholesaler Accused of Restraint of Trade

April 29, 2021
Maria Volkova and Paul Muolo
Certain loan brokers aren’t happy with wholesale giant UWM over its “us or them” edict. A lawsuit has been filed. More could be on the way.
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Defying the Odds: Yet Another New Quarterly Origination Record

April 29, 2021
John Bancroft

The top three home lenders in the first quarter: Quicken Loans, PennyMac Financial Services and Wells Fargo. UWM and Freedom Mortgage were a close fourth and fifth, respectively.


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Another Large Profit for Freddie, Net Worth Nears $19B

April 29, 2021
Paul Muolo
Freddie Mac turned in slightly lower earnings on a sequential basis as higher credit expenses dinged its bottom line. Next up: Fannie Mae.
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Grapevine: It’s M&A Season; Helping Those Who Missed the Refi Boat

April 29, 2021
Paul Muolo and Brandon Ivey
Okay, industry consolidation is arriving. But what about prices? Also, more refis could be on the way, courtesy of the GSEs.
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Prepayments Continue to Drive Ginnie Mae Removals

April 28, 2021
John Bancroft

Servicers also repurchased $20.22 billion of delinquent loans from Ginnie MBS in the first quarter, or 9.3% of total removals.


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Nation’s Third Largest Servicer Mr. Cooper Blames Vendor for ‘Unauthorized’ Withdrawals

April 28, 2021
Paul Muolo

Mr. Cooper's vendor blamed the withdrawal snafu on a "processing issue."


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UWM Accused of Restraint of Trade. CEO Ishbia Sued as Well

April 28, 2021
Maria Volkova

Company CEO Mat Ishbia was also named as a defendant...


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CFPB Unveils a 15-Month Delay in the Compliance Date of the QM Rule

April 28, 2021
Lisa Burden

The longer timeline allows lenders more time to offer QM loans based on a homeowner’s debt-to-income ratio and not solely based on certain pricing thresholds...


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Wells Fargo’s Former Warehouse Chief Lands in New York

April 27, 2021
Paul Muolo

As Wells trims its presence in warehouse finance, the former head of the department lands at Signature Bank...


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