Ocwen Mediation with CFPB Ends; Servicer Hikes Legal Reserves January 7, 2021 Yemeng Yang and Paul Muolo Even though the mediation effort has ended, Ocwen is still bidding on servicing portfolios... Read More
Another Push for Bundled Services, This One From a CFPB Task Force January 6, 2021 Yemeng Yang The idea of settlement services packaging is not new...Read More
The Final Agency MBS Count for 2020: A Record Setting $3.15 Trillion January 6, 2021 John Bancroft What's more, the GSEs upped their share of the agency market to 75.8%, and dominated the overall single-family market as well...Read More
Impairment Rate on Non-QMs Declines in November January 6, 2021 Brandon Ivey The impairment rate didn't decline across the board. It increased for bank statement loans.Read More
A Tough Year Ahead for Mortgage Compliance? January 6, 2021 Paul Muolo Industry watchers said implementing changes to the qualified-mortgage rule could be one of the biggest sticking points.Read More
Ginnie Forbearance Reading At Highest Level Since November January 5, 2021 Paul Muolo Late last week, Black Knight released its measurement: 2.83 million mortgages in COVID-related relief for the seven-day period ending Dec. 29. The FHA/VA (GNMA) reading increased by 11,000 units.Read More
Guaranteed Rate to Buy Stearns; Blackstone Will Get Part of GR January 5, 2021 Paul Muolo One twist: As part of the proposed transaction, Blackstone will take a stake in the Chicago-based GR. However, no specifics were provided. Read More
PE Firm Ups Its Investment in SimpleNexus Mortgage Platform January 5, 2021 Paul Muolo The $108 million Series B capital raise follows a $20 million investment Insight had made earlier.Read More
AmeriHome Moving Forward with IPO... January 5, 2021 Brandon Ivey The nonbank lender/servicer filed its initial IPO documents in early October and was reportedly set to price the offering later that month. Read More
The Ginnie Early Buyout Game Leans Heavily Toward FHA January 4, 2021 Paul Muolo In general, most of the delinquent loan buying has been done by the megabanks and top-ranked direct-FHA funders like Quicken Loans and PennyMac...Read More