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Mortgage Grapevine: Rocket, Man; Mortgage Hiring Untethered

September 10, 2020
Paul Muolo

Rocket Companies posted a stunning $3.46 billion profit in 2Q20 but then got hit with a "negative" rating from Susquehanna Financial Group.


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FHFA Delays Controversial GSE ‘Adverse Market Fee’

August 27, 2020
Dennis Hollier
After hearing the industry’s clamor, the FHFA delayed the 50-basis-point fee while also exempting low-balance loans.
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Non-Agency Forbearance: What if You’re the Subservicer?

August 27, 2020
Maria Volkova
One of the challenges with borrowers getting forbearance in this category is a lack of clarity regarding which entity holds legal authority to decide terms of loss mitigation.
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Servicer Proactive in Offering Pandemic Forbearance, Study Finds

August 27, 2020
Brandon Ivey
A study based on call transcripts between borrowers and a servicer found that many customers who received relief didn’t actively seek it.
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Freedom Ends the Suspense, Finally Acquires RoundPoint

August 20, 2020
Paul Muolo
It took 15 months for the acquisition-minded Freedom Mortgage to close on RoundPoint. What snarled the deal? Low interest rates, for starters.
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Delinquency Trends Far from Uniform Among Servicers, Loan Types

August 20, 2020
Brandon Ivey
Mortgage delinquencies shot up during the second quarter, though there were variations among servicers and loan types. (Includes data chart.)
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Industry Relying on Vendors to Process Relief Requests

August 14, 2020
Maria Volkova
With regulations constantly changing and a new relief package in the offing, lenders are increasingly falling back on workflow automation vendors.
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A Week After its IPO, Rocket Comes Back Down to Earth

August 13, 2020
Paul Muolo
Rocket Companies went public a week ago amid the lowest mortgage rates in U.S. history. How’s the stock doing? Funny, you should ask.
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CFPB Enforcement Actions on the Rise, Warn Attorneys

August 13, 2020
Yemeng Yang
The mortgage industry can expect more enforcement actions from the Consumer Financial Protection Bureau for the rest of the year, particularly related to fair lending issues, according to stakeholders.
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Forbearance is Good, Right? No, Not for Everyone

August 13, 2020
Paul Muolo
If foreclosures mushroom, mortgage vendor Altisource could be sitting in the catbird’s seat. Standing in its way: forbearance plans.
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