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Nonbanks Much Stronger Than Banks on Recapture

October 31, 2024
Paul Muolo
Why might some MSR buyers pay more for recent higher-coupon portfolios than their peers? They’re confident they can recapture the customer when a refi is “in the money.”
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MSR Buyer Inks Deal With Nonbank for Recapture

October 31, 2024
Paul Muolo
Rice Park Capital Management signed a deal with Rosegate Mortgage to provide home financing opportunities to customers of Nexus Nova, which owns MSR on Rice Park’s behalf.
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Todman Rallies Lenders to Support First-Time Homebuyers

October 31, 2024
Monica Hogan
HUD’s acting secretary said many younger Americans don’t believe they will have the same housing opportunities as their parents.
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FICO and VantageScore Squabble at MBA Annual

October 30, 2024
Dennis Hollier
As the timeline shrinks for the implementation of the new credit scores for GSE borrowers, anxiety grows among lenders and even FICO and VantageScore.
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Short Takes: An Adjustment for Warehouse? / Debt and Rates? / Eye on the 10-Year / Chopra Not Speaking at MBA / Pricey Paper for Onity

October 28, 2024
Paul Muolo and Brandon Ivey
Is there a connection between interest rates and deficits? There is for subprime borrowers...
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Chase Offers Incentives for Jumbo Borrowers at the Bank

October 25, 2024
James Dohnert
Chase continues to push for ways to leverage its mortgage lending platform to bring in high net worth individuals to the bank.
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Backflip Plans to Build Out RTL Funding

October 25, 2024
James Dohnert
The lender completed a capital raise, with plans to originate more residential transition loans and potentially issue MBS.
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Health of Nonbanks a Focus for Ginnie, FHA and VA

October 25, 2024
Monica Hogan
Officials from the government agencies last week discussed plans to boost nonbank liquidity to ensure the entities can survive the next housing crisis.
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MBA Opposes FHA Proposal on Partial Claim Payoff Statement

October 25, 2024
Monica Hogan
The Mortgage Bankers Association warned that the proposed changes would expose servicers to new operational and regulatory risks.
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Appeals Court Sides With HUD in REO Breach of Contract Case

October 25, 2024
Monica Hogan
The U.S. Court of Appeals for the Federal Circuit affirmed a lower court decision denying a breach of contract claim against the Department of Housing and Urban Development.
Read More
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