Mortgage M&A: Redfin in Deal to Buy West Coast-based BEHL January 12, 2022 Paul Muolo After the acquisition closes, Redfin Mortgage will reduce its headcount by roughly 121 positions.Read More
The Prime Non-Agency MBS Party Continues January 12, 2022 Brandon Ivey Three prime non-agency MBS hit the market Tuesday, making eight deals offered thus far in 2022.Read More
It's Official: CoreLogic’s Martell Departs as President and CEO January 12, 2022 Paul Muolo A few months back, CoreLogic was sold to Stone Point Capital and Insight Partners for roughly $6 billion.Read More
States Urge FHA to Ensure Implementation of COVID Relief January 12, 2022 Monica Hogan The AGs said servicers are still sending borrowers letters that fail to include the COVID-19 recovery modification as an option, while requiring unnecessary paperwork...Read More
Non-Agency MBS Issuance Tops Pre-Pandemic Levels in 2021 January 11, 2022 Brandon Ivey Expanded-credit MBS issuance also increased in 2021, though it remained below the level seen in 2019.Read More
Earnings Season is About to Start. Hope for Mortgage Bankers? January 11, 2022 As Wedbush Securities notes in a new report, “We expect lower prepayment speeds should lead to positive marks on MSR values in the quarter.”Read More
Servicers Skittish on Moving Forward with Foreclosures January 11, 2022 Brandon Ivey With the CFPB watching closely, mortgage servicers are careful about how they approach foreclosures...Read More
UMortgage Adds Mortgage Brokerage Firm The Bally Team January 11, 2022 Monica Hogan Bally's resume includes stints at United Wholesale Mortgage, Quicken Loans and J&B Processing.Read More
A Record-Setting Year for Ginnie Mae MBS Issuance January 10, 2022 Brandon Ivey The top issuer for the year: Freedom Mortgage with a whopping $106.9 billion...Read More
Mortgage Pink Slips Begin to Proliferate. Non-QM Sector Insulated? January 10, 2022 Paul Muolo In recent interviews, mortgage executives, overall, have revealed mixed plans regarding hiring...Read More