Hefty MSR hedging losses crushed profits on mortgage servicing in the first quarter, but mortgage bankers ended the period in better financial shape than they started it. (Includes data chart.)
After a planned merger between Amherst Residential and Front Yard Residential fell through, the head of Altisource Portfolio Solutions expressed his displeasure with Front Yard’s board.
For a while there, during the early days of the pandemic, Impac Mortgage appeared to be on the ropes, but it’s back in the lending arena, sans its non-QM menu.
Having hit a rocky patch during the pandemic, Impac Mortgage will be late in reporting first-quarter results and it’s selling most of its MSRs. What’s next?
Lenders that made significant investments in technology in recent years reported better metrics than other players in several areas, such as origination costs and productivity.
Rep and warrant insurance, which covers corporate functions and not loan-level issues, has increasingly been used in mergers and acquisitions outside of the mortgage industry.
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