Industry watchers said a blue wave would stall GSEs’ recapitalization and exit from conservatorship and likely send FHFA Director Mark Calabria packing.
It appears the CFPB might still look at whether referrals are being made under MSAs and whether the payments are intended to ‘disguise’ the referral arrangement.
Two major investors in Front Yard Residential have called for liquidation of the real estate investment trust due to its less than satisfactory performance during a robust housing market.
There’s plenty of evidence that housing isn’t as healthy as it appears. The most important data point is probably the increase in the rate of serious mortgage delinquencies, which reached 4.4% in the second quarter, the highest level since 2014.
Not only are large nonbanks contemplating IPOs but smaller shops are as well. With mortgage banking considered a cyclical business, will it end badly or is it different this time around?
Mortgage originators are so plush with profits that very few need to sell MSRs. Still, servicing deals are getting done. But pricing isn’t exactly robust.
Trade groups representing nonbank servicers are in favor of the CSBS’ proposal, saying it would apply uniformly across states with some differentiation between the largest servicers and others.
The MBA said a permanent, paid-for government backstop for agency mortgage-backed securities would be the ideal way to ensure a deep, liquid secondary mortgage market.
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