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Loan Performance Recovery Post COVID to Take Longer

October 8, 2020
Brandon Ivey
Delinquency levels tied to the coronavirus are no longer in line with trends seen after a natural disaster.
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GSEs Drive 2Q20 Growth in Servicing, Nonbanks Expand

October 1, 2020
John Bancroft
Fannie and Freddie accounted for most of the growth in the supply of single-family mortgage debt outstanding, offsetting declines in the Ginnie and non-agency sectors. (Includes two data charts.)
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CSBS Moves Ahead with Nonbank Servicing Standards

October 1, 2020
Brandon Ivey
Years in the making, the CSBS late this week finally unveiled its proposal on regulatory standards for nonbank servicers. Trouble ahead?
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FSOC Endorsement of Capital Rule Raises Eyebrows

October 1, 2020
Dennis Hollier
If the Financial Stability Oversight Council gets its way, GSE capital standards will be tighter than what many in the industry want. Is that a problem? Opinions vary.
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UWM Going Public, CEO Vows 50% Share for Brokers

September 24, 2020
Paul Muolo
The nation’s largest table-funder, UWM will become a public company via a SPAC. When’s the last time a wholesale-only lender went public? Decades.
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Borrowers Missed as Much as $16.3B in Payments in 2Q

September 24, 2020
Brandon Ivey
More than 5 million borrowers missed mortgage payments during the second quarter, resulting in as much as $16.3 billion in missed collections.
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Slow Growth for Subservicers but Growth Nonetheless

September 17, 2020
Paul Muolo
Growth was slow for many subservicers in 2Q20 but smaller lenders continue to outsource the servicing function with the hope, perhaps, of cashing in on the MSR asset later. (Includes data chart.)
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Industry Seeks Permanent Remote-Work Flexibility for MLOs

September 17, 2020
Yemeng Yang
But regulators are concerned about their ability to identify violations and a reduction in an important source of state revenue — branch licensing fees.
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Grapevine: The Never-Ending Boom / Believing in Rocket

September 17, 2020
Paul Muolo and Yemeng Yang

2020 may turn out be a record year for originations after all. As for 3Q20 results, many lenders are pre-reporting blue skies.


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Agencies Authorize Relief for Recent Natural Disasters

September 11, 2020
Maria Volkova
HUD issued a 90-day moratorium on foreclosures on FHA-insured homes in the presidentially declared disaster areas ravaged by Hurricane Laura.
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