HUD OIG Finds Flaws in FHA Endorsements January 15, 2021 Maria Volkova In 2019, FHA endorsed $940 million of loans that had private insurance instead of the required National Flood Insurance Program coverage.Read More
Three Accused of Submitting False Claims to FHA January 15, 2021 Maria Volkova According to a civil complaint, real estate purchased at depressed short sale prices were submitted to the FHA for insurance.Read More
Industry Pushes for Renter, Landlord Relief Disbursement January 15, 2021 Maria Volkova Trade groups called for quick disbursement of money allocated for renters and housing from the recently passed COVID-19 relief package.Read More
Around the Industry January 15, 2021 Maria Volkova Ginnie extends deadline for HECM MBS securitization; FHA updates TOTAL Scorecard; FHA Connection updated.Read More
Non-Agency Securitizations Still a Work in Progress. Re: COVID January 15, 2021 John Bancroft For all of 2020, non-agency MBS issuance totaled $90.23 billion, down 20.0% from the year before... Read More
Is Wall Street Running Out of (Nonbank) Mortgage IPO Candidates? January 15, 2021 Paul Muolo What about Movement Mortgage as an IPO candidate? Read More
4Q Results Begin: Wells Slides in Mortgages, JPM Gains… January 15, 2021 Paul Muolo Wells Fargo: “Home lending revenue [was] down 21% from 3Q20 on lower servicing income and MSR valuation adjustments reflecting higher prepayment.”Read More
A Banner Year for Agency MBS Trades? Yep January 14, 2021 In 2020, mortgage records were broken all over the industry. MBS trading, meanwhile, had its best year since 2010.Read More
Is Wall Street Running Out of Mortgage IPO Candidates? January 14, 2021 Paul Muolo Every nonbank mortgage company and its brother is going public these days. Right? Well, not everybody.Read More
Not Bad: $38 Billion of MSRs Offered Over the Past Few Weeks January 14, 2021 Paul Muolo The long-awaited recovery in MSR sales may finally be here. It appears Ocwen and Freedom were the winning bidders on a $25 billion Quicken portfolio.Read More
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