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Subservicers Keep Gaining but Worry About Forbearance

June 17, 2021
Paul Muolo
Subservicing contracts continue to proliferate. The bad news? These vendors worry about an onslaught of COVID-related work and oversight. (Includes data chart.)
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HUD Meets With Mega-Servicers to Discuss Loss-Mit Options. Suspend the MIP?

June 17, 2021
Paul Muolo
HUD is looking to make policy decisions on FHA loans without having a permanent FHA commissioner in place...
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HUD Meets with Mega Servicers to Discuss COVID Loss-Mit Options

June 17, 2021
Paul Muolo
Time to throw away the loss-mitigation toolbox in dealing with COVID-related delinquencies? Maybe not.
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Nonbanks Continue to Gain in MSRs, Feasting on Agency Product

June 17, 2021
Paul Muolo
A trend that's not going away: When it comes to owning MSRs, banks have other ideas...
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Short Takes: The $40B A Month Habit Will Continue / Inflation? Ha! / CFPB Makes Announcement, Trouble Ahead for VA Lenders? / A New Correspondent Chief for GHMC

June 17, 2021
Lisa Burden and Paul Muolo
No Fed rate hikes until 2023? Sure, why not...
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Grapevine: A Rare Type of M&A / SoFi’s Mortgage Aspirations

June 17, 2021
Paul Muolo and Brandon Ivey
Nonbank Cornerstone Home moves to buy an FDIC-insured institution. Also, should anyone be worried about SoFi’s progress in mortgages?
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Fannie Negotiating With Seller/Servicers on Investor-Loan Cap. Some Told 3% is the New Normal?

June 16, 2021
Paul Muolo and Dennis Hollier
A Fannie spokesman said the mortgage giant, at this time, is not instituting a specific broad based 6% cap but...
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Loan Repurchases Spike Higher in Bank Mortgage Bank Units

June 16, 2021
John Bancroft
Most of the jump in bank repurchases in early 2021 came from USAA Federal Saving Bank...
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GOS Margins Get Squeezed. The First Victim: TPOs

June 16, 2021
Brandon Ivey
Lending through third-party originators, particularly wholesalers, has experienced the most margin compression, according to Baron Silverstein of NewRez...
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Lenders: Risk-Retention Link Between QMs and QRMs Should Stay

June 16, 2021
Brandon Ivey
The feds were slated to start reviewing the rules in 2020 but put the examination on hold pending the revision of QM standards.
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