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...Read More
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.Read More
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.)Read More
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.Read More
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...Read More
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%...Read More
Is Caliber Home Loans In Play? April 8, 2021 Private-equity firms aren't known for holding their mortgage investments forever...Read More
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
Will Caliber’s IPO Plan Morph Into a Franchise Sale? April 8, 2021 Paul Muolo There’s more than one way to turn your mortgage company into cash. One is an IPO. The other is an outright sale. Will Caliber go the latter?Read More
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