There have been plenty of “asset” sales by mortgage firms this year — MSRs, for instance — but not “whole” company transactions. Is the bell about to ring?
The Appraisal Foundation is pushing back against calls for appraisal reform legislation that would strip the group of its authority to set industry standards and criteria.
Intercontinental Exchange’s attempt to acquire Black Knight has been attacked by regulators, shareholders and mortgage lender trade groups. In other words, it remains to be seen if the deal will get done.
The NY AG sued the Trump Organization this week for, among other things, inflating the value of its real estate holdings. Meanwhile, Rocket hopes to stay in the black.
Depository institutions’ share of mortgage originations grew for the fifth straight quarter during the April-June cycle, but nonbanks still dominated the market. (Includes two data charts.)
Servicing sales remain brisk but there’s been a deal slowdown of late and more discriminate buyers. Meanwhile, new Ginnie Mae capital rules could rock the boat further.
Wells Fargo isn’t trying to be the largest player in the mortgage market. Instead, the bank plans to focus on wealthy borrowers and customers that already have a relationship with the bank.
As nonbanks go, so too goes the warehouse lending sector. Enough said on that score. The second quarter brought additional deterioration in commitment levels. (Includes data chart.)