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New Residential Ditches External Management

June 23, 2022
Dennis Hollier
Analysts agree that bringing management in-house is a long-term positive but differ on whether it improves value in the short run.
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Demand for HELOCs Grows Amid Rising Interest Rates

June 23, 2022
Monica Hogan
Demand for HELOCs is rising from borrowers who want to tap their home equity without letting go of their low-interest rate first mortgage.
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Court Finds RPM/LendUS Deliberately Blew Up Merger

June 17, 2022
Sam Manas
A New York district court has found that RPM/LendUS used stalling tactics to get out of a merger deal with Entitle Direct Group, a title insurance company.
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Reduced Commitments, Margins for Warehouse Banks in 1Q22

June 16, 2022
Paul Muolo
It is tougher times for banks engaged in financing nonbank originators. Usage rates are down significantly and some customers are consolidating lines of credit. (Includes data chart.)
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Purchase Mortgage Lending Activity Heads South in May

June 16, 2022
Brandon Ivey
Rate locks for purchase mortgages declined from April to May. Numerous factors are depressing demand for the loans: higher interest rates, accelerating home prices and inflation.
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Private Equity Finds Gold in MSR Investments

June 16, 2022
Paul Muolo
PE shops have quietly entered the MSR arena as owners, reaping strong gains. How long they might stick around depends on the direction of interest rates.
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GSE Pilots Resurface with Equitable Housing Finance Plans

June 16, 2022
Dennis Hollier
Both Fannie Mae and Freddie Mac plan to base much of their equitable housing finance efforts on existing pilot programs.
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CHLA Seeks Antitrust Review of ICE-Black Knight Merger

June 16, 2022
Sam Manas
The Community Home Lenders Association has raised concerns that an entity with dominant market position could engage in anti-competitive behavior.
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Foreclosure Situation Getting Back to ‘Normal’ Levels

June 16, 2022
Monica Hogan
Foreclosure filings last month nearly tripled from a year ago, according to Attom. However, the analytics firm said foreclosure activity is getting back to normal after two years of government intervention that led to historically low levels of default.
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Grapevine: Better.com’s Future? / Mortgage Layoffs Accelerate

June 16, 2022
Paul Muolo
Does mortgage fintech Better.com have a future not tied to a SPAC? A sale perhaps? Meanwhile, more lenders are pulling the reduction-in-force lever.
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