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As New Chairman Takes Over, NCUA Proposal on MSRs in Doubt

February 4, 2021
Brandon Ivey
The NCUA board in December voted 2-1 to allow federal credit unions to acquire MSRs from other FCUs. The lone dissenting vote came from Todd Harper, who was just appointed NCUA chairman.
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As Production Slips at Wells, Its Employees Become Targets

February 4, 2021
Paul Muolo
With Wells Fargo being less aggressive these days, mortgage competitors feel emboldened to make offers to its best and brightest. A temporary situation?
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A Wave of Forbearance Plans Scheduled to End. What Now?

February 4, 2021
Brandon Ivey
Close to 25% of mortgages in forbearance plans will hit the end of their relief period in March, with more expirations in April and beyond. Problem: Many of the borrowers in forbearance are delinquent.
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A ‘Disruptor’ in the Mortgage Servicing Arena?

February 4, 2021
Paul Muolo and Brandon Ivey
Is the business of servicing residential loans in need of a mortgage technology shake-up? Should Black Knight and Fiserv be worried? Meet Valon.
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A Banner Year for IPOs and IPO-Bound CEOs

January 28, 2021
Paul Muolo
Record loan production translates into record paychecks for CEOs. Right? If there’s an IPO involved, yes, but there are exceptions. (Includes data chart.)
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A Mad Rush to Sell MSRs and Fears About Pricing

January 28, 2021
Paul Muolo
Suddenly, it’s a great time to sell servicing rights. But if too many offload receivables at the same time, prices could suffer. A conundrum in the making?
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Industry Calls for $25 Billion in Housing Assistance

January 28, 2021
Brandon Ivey
The fund could be modeled after the Hardest Hit Fund, providing funds to state housing finance agencies to help borrowers bring their mortgages current.
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Senate Democrats Once Again Seek Answers on NPL Sales

January 28, 2021
Dennis Hollier
Democrats on the Senate Banking Committee are putting pressure on FHFA to answer whether the GSEs’ NPL sales impact homeowners’ access to foreclosure and forbearance protections under the CARES Act.
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On the Eve of Its IPO, UWM Assesses its Role in MSRs

January 21, 2021
Paul Muolo
With a wad of cash from its initial public offering, UWM has a boatload of options. One of them: hanging onto residential receivables.
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State Regulators Working to Reduce Burdens Related to Exams

January 21, 2021
Brandon Ivey
State regulators launched a “networked supervision” exam system in March, aiming to improve the exam process for nonbanks. Some 35 regulators are using the system, with mixed results.
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