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Mr. Cooper Expects Limited Short Sales, Foreclosures

April 9, 2021
Maria Volkova
A small percentage of customers who will be unable to resume mortgage payments after forbearance will be those who were already delinquent pre-pandemic.
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Enforcement Woes Ahead for Servicers? CFPB Proposal Sparks Controversy

April 9, 2021
Lisa Burden

With an MSR portfolio sized at $1.18 trillion and a market share of 10.1%, Wells Fargo is on board with what the CFPB has in mind...


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Structured Finance Market Off to Solid Start in 1Q21

April 9, 2021
John Bancroft

Some $81.01 billion of non-mortgage ABS came to market in the first quarter, a hefty 85.8% gain from the previous period.


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A Change by FHFA Sparks Disruptions in NOO Trading

April 8, 2021
Paul Muolo and John Bancroft
Loan prices for second homes and investment properties are getting whipsawed, giving bottom feeders the upper hand. Credit the FHFA.
Read More

Securitization Costs Drive Opposition to GSE Window Caps

April 8, 2021
Paul Muolo
Securitizing mortgages can be expensive and recent PSPA changes might force the hand of smaller lenders, at least that’s how some trade groups see it. (Includes three data charts.)
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Flagstar-DOJ Amend Settlement Over False Certifications

April 8, 2021
Maria Volkova
Flagstar Bank has made a final payment of $70 million to the DOJ to settle allegations of faulty underwriting on FHA loans from 2012.
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Time to Bury the $15,000 FTHB Tax Credit? Maybe Not...

April 8, 2021
Maria Volkova

Don't ever underestimate the power of the nation's housing lobby...


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In 1Q21, A Downdraft for Purchase-Money Securitizations

April 8, 2021
John Bancroft

The two government-sponsored enterprises saw a steeper 20.4% drop in purchase-loan volume, while the government-insured market fell 16.9%...


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Is Caliber Home Loans In Play?

April 8, 2021

Private-equity firms aren't known for holding their mortgage investments forever...


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Short Takes: Jamie Dimon Addresses the Troops / Gaining Market Share / ... But Not in Mortgages / Carpetbagging? / A New CRO for Mr. Cooper

April 8, 2021
Paul Muolo

Pondering JPM's next move in the mortgage business...


Read More
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