Nonbanks Tighten Their Grip on the Servicing Market November 4, 2021 John Bancroft The Inside Mortgage Finance top-50 tally at Sept. 30: Nonbanks $4.03 trillion of MSRs, depositories $3.83 trillion...Read More
A Sigh of Relief for Gain-on-Sale. However... November 4, 2021 Paul Muolo The reason loanDepot did so well: The company relies mostly on retail production where the profit margins are reliably fatter.Read More
A Strong Earnings Turnaround for Home Point as Firm Sells MSRs, Pays Dividend November 4, 2021 Paul Muolo The lender's gain-on-sale margin totaled 84 basis points compared to just 58 bps in the second quarter.Read More
Velocity Boosts Investment-Property Lending in Third Quarter November 4, 2021 Brandon Ivey Velocity's share price was up modestly Thursday, not too far from its 52-week high of $13.80...Read More
Pretium’s Purchase of Fix-n-Flip Lender Included a Huge Chunk of Whole Loans November 3, 2021 Paul Muolo Anchor was owned by Wafra Capital Partners...Read More
Underwriting Update: Freddie to Also Consider Rental Payment History November 3, 2021 Dennis Hollier The two mortgage giants have devised different strategies to make sure renters have a better chance of qualifying for a mortgage.Read More
And the Winning Bidder on the Home Point Portfolio Is… November 3, 2021 Paul Muolo Looking to sell mortgage servicing rights? Now might be a good time...Read More
Slump in Agency Business Hit All Insurance Sectors November 3, 2021 John Bancroft The shift in loan purpose generally had the biggest impact on VA and uninsured volume.Read More
FHFA OIG Lists Major Challenges Ahead for the Agency November 3, 2021 Dennis Hollier The OIG report also documents the lack of continuity in the leadership of DER.Read More
NY to Apply CRA Requirements to Nonbank Residential Lenders November 2, 2021 Brandon Ivey The MBA warned that New York's new requirements for nonbank lenders are "unworkable."Read More
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