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Swing to Purchase Market Boosts Correspondent Share

August 25, 2022
John Bancroft
Correspondent originators are better at finding purchase-mortgage business, and that’s why the channel’s market share rose in the second quarter. Brokers saw the biggest decline. (Includes six data charts.)
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Subservicing Growth Faces Headwinds

August 25, 2022
Paul Muolo
For the most part, subservicing growth has been slow, thanks to booming MSR sales and some non-traditional servicing owners shifting strategies. Cenlar, though, remains the nation’s number one subservicer. (Includes data chart.)
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Slowdown in New Home Sales Adds to Lag in Mortgage Lending

August 25, 2022
Monica Hogan
Last month new home sales fell to their lowest level since January 2016. Trouble ahead, perhaps?
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While Servicing Sales Boom, Transfer Times Slip

August 25, 2022
Paul Muolo
Thanks to the spike in MSR sales this year, reviews of the underlying collateral are backing up, causing delays in portfolios being transferred to new owners. Implications?
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Analysts Eye New Eligibility Rules for Servicers

August 25, 2022
Dennis Hollier
Ginnie spreads over Treasuries have widened in the wake of the newly announced capital and liquidity requirements for nonbank servicers.
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CHLA, CMLA Merge as Key Nonbank Policy Issues Brew

August 25, 2022
Sam Manas
The merger of the two trade groups will spur more robust policy advocacy for smaller originators, according to industry insiders.
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SEC Settles Insider Trading Charges Tied to Equifax

August 25, 2022
Brandon Ivey
Based on insider information about a then-undisclosed data breach at Equifax, Lawrence Palmer and Jerrold Palmer through accomplices had shorted shares of the company.
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Grapevine: Oh Cyclicality! / Exceptions to the Rule

August 25, 2022
Paul Muolo
Residential finance can be cyclical, but what inning is the correction in? Investors are willing to buy mortgage company debt...but at a price.
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Working in Tandem, Ginnie and FHFA Finalize Eligibility Standards

August 18, 2022
Paul Muolo and Dennis Hollier
Agency seller/servicers have a new set of net worth requirements to adhere to. The good news: The final language is close to what was originally proposed.
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Cenlar Beefs Up Its Default Team. As for Why…

August 18, 2022
Paul Muolo
When it comes to default management hires, subservicer Cenlar has been a busy bee, adding a handful of new VPs. Is it expecting an increase in delinquencies or is something else afoot?
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