Grapevine: A First for FCI / Assessing Hard Money December 17, 2020 Paul Muolo Hard-money servicer FCI is looking for more MBS assignments and is hopeful about 2021. Meanwhile: concerns over bids in the scratch-and-dent market?Read More
Subservicers Continue Their Strong Growth, but For How Long? December 17, 2020 Paul Muolo Subservicers continue to benefit from the keep-and-hold strategy being employed by small- to medium-sized shops. (Includes data chart.)Read More
Mergers and Acquisitions? See You in 2Q21 (Maybe) December 17, 2020 Paul Muolo It’s been slow going when it comes to the sale of mortgage companies. But 2021 shows some promise — as long as rates don’t tank again.Read More
Redwood Getting Back on Track with Jumbo MBS December 17, 2020 Brandon Ivey Mortgages from 51 different originators are included in the deal, led by PrimeLending with a 19.9% share... Read More
CHLA Seeks Exemption for Smaller Nonbank Servicers December 17, 2020 Yemeng Yang State regulators should propose thresholds to relieve smaller nonbank servicers from certain regulatory requirements, said the CHLA.Read More
Coming Soon: All National Guard Members Eligible for VA Loans December 17, 2020 Maria Volkova New legislation would extend zero-downpayment loans to more than 400,000 Guard members.Read More
Coming to the MSR Market Soon: Credit Unions as Buyers? December 16, 2020 Brandon Ivey A proposed rule regarding credit unions and MSRs is scheduled to be discussed late this week at an NCUA board meeting.Read More
An Unexpected Rise in Home-Equity Lending During 3Q20 December 16, 2020 John Bancroft Call-report data analyzed by Inside Mortgage Finance show that banks, thrifts and credit unions housed $371.4 billion of HELOCs on their balance sheets, down 3.1% from the second quarter.Read More
Small-Dollar Mortgage Project in Louisville Generating Mixed Results December 16, 2020 Brandon Ivey The Micro Mortgage allows DTI ratios up to 50% and LTV ratios as high as 105%. Still, the interest rate on the loan has prompted limited demand... Read More
Fannie: Mortgage Bankers Expect Reduced Profit Margins December 16, 2020 Paul Muolo Roughly 33% said profits will remain the same while 48% expect earnings to decrease... Read More
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