Short Takes: Figure Expands to Wholesale / MPF Activity / Leadership Transition at Truist / New CFO at Cenlar June 20, 2023 Brandon Ivey Figure is now offering HELOCs through the wholesale channel.Read More
Wells Holds On to Top Servicer Spot June 16, 2023 John Bancroft Wells Fargo could be dethroned as the largest mortgage servicer shortly.Read More
CFPB Plans Proposal to Streamline Servicing Standards June 16, 2023 Brandon Ivey Chopra didn't provide details on the CFPB's plans, though he noted issues with paperwork, servicing fees and credit reporting.Read More
FHFA Increasing Efforts to Address Climate Change June 16, 2023 Dennis Hollier Eight internal working groups collaborate with FHFA's Climate Change and ESG Steering Committee to develop climate-related plans and policies.Read More
MBS Spreads Tighten, Providing Some Relief June 16, 2023 Paul Muolo Agency mortgage-backed security spreads to Treasuries recently moved to their tightest level in seven weeks.Read More
Short Takes: Servicers Reduce Staff / New Non-QM MBS / Homebuilder Buydown Tactics June 16, 2023 Brandon Ivey Staffing levels at servicers are declining, though not nearly at the rate seen on the origination side.Read More
Banks’ Mortgage-Banking Income Increases June 15, 2023 Brandon Ivey Mortgage-banking income at banks and thrifts increased by 35.7% in the first quarter of 2023 compared with the previous quarter.Read More
UnidosUS Launches Latino Homeownership Campaign June 15, 2023 Sam Manas The Hispanic advocacy nonprofit has a goal to create four million new Latino homeowners by 2030.Read More
Rocket, FirstKey Team on Closed-End Second Securitization June 15, 2023 Brandon Ivey It's the first securitization from Rocket of closed-end second liens.Read More
Supreme Court Ruling Will Change Practices on Tax Foreclosures June 15, 2023 Sam Manas Prior to the ruling, lenders and mortgage servicers would often advance the amounts homeowners owed to the government in order to prevent the foreclosure sale and resulting release of their lien.Read More