MSRs Once Again Aid Mr. Cooper’s Results. A Subservicing Client Departs October 26, 2022 Paul Muolo The MSR mark came to $124 million in the third quarter...Read More
Flagstar’s Originations Decline Somewhat, Margins Improve October 26, 2022 Brandon Ivey Flagstar’s margin improved to 66 basis points from 39 bps in the April-June period.Read More
Smaller Shops Want FHFA's Help on Tech Fees October 26, 2022 Brandon Ivey While large lenders have developed their own mortgage tech systems, smaller shops are more reliant on third-parties...Read More
ABS Issuance Slumps Badly in 3Q22 Return to Normal October 26, 2022 John Bancroft Almost all sectors saw significant declines as rising interest rates and economic took their toll...Read More
Researcher Says Nonbank Financial Fragility Increasing October 26, 2022 Monica Hogan The researcher believes the uptick in financial fragility among nonbanks since 2019 has been driven by large nonbanks...Read More
MBA Chief Takes Aim at Regulators, Blames Them for Increasing Costs October 25, 2022 Sam Manas Apparently, most policymakers don't realize the dominance of nonbanks in today's origination market...Read More
FHA Loans Keep Ginnie Delinquencies Elevated. Time to Worry? October 25, 2022 Namrata Bhatia The biggest change in the FHA portfolio was in the 30-days past due category...Read More
A Changing of the FICO Guard Is a Good Thing. Right? October 25, 2022 Dennis Hollier Even if the scores provide a similar measure of credit risk at one point in time, that equivalency could deteriorate...Read More
FHFA Will Make Cash-Outs More Expensive While Trimming LLPAs on Low/Mods October 25, 2022 Paul Muolo Specifics were light regarding the changes for cash-out refis...Read More
MSR Transfer Pace Eases in Third Lap of a Record Year October 24, 2022 John Bancroft The top buyer of bulk MSRs through the first nine months of 2022: Freedom Mortgage...Read More
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