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Grapevine: A Rising 10-Year and a Shift in the Power Grid

January 7, 2021
Paul Muolo
Rates are rising and that means an end to the refi boom? Don’t bet on it.
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Ocwen Mediation with CFPB Ends; Servicer Hikes Legal Reserves

January 7, 2021
Paul Muolo and Yemeng Yang

Even though the mediation effort has ended, Ocwen is still bidding on servicing portfolios...


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Another Push for Bundled Services, This One From a CFPB Task Force

January 6, 2021
Yemeng Yang

The idea of settlement services packaging is not new...


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The Final Agency MBS Count for 2020: A Record Setting $3.15 Trillion

January 6, 2021
John Bancroft

What's more, the GSEs upped their share of the agency market to 75.8%, and dominated the overall single-family market as well...


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Impairment Rate on Non-QMs Declines in November

January 6, 2021
Brandon Ivey

The impairment rate didn't decline across the board. It increased for bank statement loans.


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A Tough Year Ahead for Mortgage Compliance?

January 6, 2021
Paul Muolo

Industry watchers said implementing changes to the qualified-mortgage rule could be one of the biggest sticking points.


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Ginnie Forbearance Reading At Highest Level Since November

January 5, 2021
Paul Muolo

Late last week, Black Knight released its measurement: 2.83 million mortgages in COVID-related relief for the seven-day period ending Dec. 29. The FHA/VA (GNMA) reading increased by 11,000 units.


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Guaranteed Rate to Buy Stearns; Blackstone Will Get Part of GR

January 5, 2021
Paul Muolo

One twist: As part of the proposed transaction, Blackstone will take a stake in the Chicago-based GR. However, no specifics were provided.

 


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PE Firm Ups Its Investment in SimpleNexus Mortgage Platform

January 5, 2021
Paul Muolo

The $108 million Series B capital raise follows a $20 million investment Insight had made earlier.


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AmeriHome Moving Forward with IPO...

January 5, 2021
Brandon Ivey

The nonbank lender/servicer filed its initial IPO documents in early October and was reportedly set to price the offering later that month.


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