Credit Unions Get the Right to Buy MSRs. However... December 23, 2021 Brandon Ivey The regulatory development sounds interesting, but there are a few strings attached...Read More
Grapevine: Another Fix-and-Flip M&A / Loading Up on MSRs December 23, 2021 Paul Muolo and Brandon Ivey It may be yearend but deals of all sorts are still percolating, whether servicing-related or the sale of “business purpose” lenders.Read More
GAO Finds Alternative Data Rarely Used in Underwriting December 23, 2021 Sam Manas The government watchdog found few instances where lenders incorporated alternative data in their underwriting.Read More
Rice Park and Hunter Street Close Deal for Fix-and-Flip Funder December 22, 2021 Paul Muolo As Christmas approaches, fix-and-flip originators are flying off the shelves...Read More
Banks Keep Adding to Their First-Lien Portfolios December 22, 2021 Among the 10 largest banks in terms of first-lien investments, only top-ranked Wells Fargo reduced its portfolio during the July-September period.Read More
FHA’s Regulatory Workload Remains Significant in 2022 December 22, 2021 Monica Hogan A spokesperson said HUD is assessing feedback on its proposal for a combination 40-year loan mod...Read More
More Servicing Packages Ready for the Auction Block December 21, 2021 Paul Muolo More MSR deals on the way? Count on it...Read More
Inspector General Recommends CFPB Overhaul Nonbank Examinations December 21, 2021 Sam Manas The IG pinpointed four specific problem areas for the supervision...Read More
Still No. 1 in Reverse Mortgage Lending: California December 21, 2021 Monica Hogan The second largest HECM state? Answer: Colorado...Read More
Supervisory Report Highlights Mortgage Servicing Violations December 20, 2021 Sam Manas The latest CFPB supervisory highlights report found violations in mortgage servicers’ handling of forbearance under the CARES Act, which examiners said amount to unfair or deceptive acts or practices.Read More
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