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Banks Report Another Big Haul for Mortgage Banking

June 11, 2021
John Bancroft
Most of the big banks -- even Bank of America -- reported hefty gains in mortgage banking income during the first quarter that appear largely driven by net servicing fees. (Includes data chart.)
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Two Mortgage Vendors Raise a Combined $100M

June 11, 2021
Brandon Ivey
Stavvy has secured $40 million in an initial funding round while Spruce closed on a $60 million Series C round. The vendors provide tech-related services for lenders and servicers.
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Repurchases Spike Higher in Bank Mortgage Bank Units

June 11, 2021
John Bancroft
Most of the industry's big increase in first-quarter repurchases came from USAA Federal Savings Bank. (Includes data chart.)
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Title Company Doma Posts Loss Ahead of Public Debut

June 11, 2021
Brandon Ivey
Officials at Doma, which is set to go public via a special purpose acquisition company maneuver, said the company might not be profitable until 2023.
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Experts Cite Pitfalls of Self-Reporting Violations

June 11, 2021
Lisa Burden
The Trump-era CFPB maintained that self-reporting is responsible business conduct. But is it a prudent move? Attorneys weigh in.
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Coin Homes: The Latest Real Estate Crypto Platform

June 11, 2021
Maria Volkova
Launched last week, the Coin Homes​​​​​​​​ platform allows customers to use Bitcoins to buy and sell real estate. Potential? Anyone?
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Deal Mania Hits the MSR Market. More on the Horizon?

May 28, 2021
Paul Muolo
Interest rates are firming up and servicing sales are proliferating. Some dealmakers believe the second and third quarters will be barn-burners in terms of transactions.
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After Tepid Start, Interest in HECMs Gains Steam

May 28, 2021
Maria Volkova
Data analytics provider Jornaya sees internet searches for reverse mortgages increasing this spring and that’s a good thing.
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Servicers Should Be Using Tech to Deal with Complaints

May 28, 2021
Lisa Burden
The CFPB has emphasized that servicers must pay close attention to consumer complaints. The adoption of technological solutions, though slow in this area, can help.
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When Refis End, We Will All be Just Fine. Right?

May 28, 2021
Lisa Burden
One lender says that when refinances go bust, the industry can’t expect to waltz into the purchase market without there being casualties. Others are more sanguine.
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