Mortgage IPO Window Closed? Not for Tech Disruptors... April 23, 2021 Paul Muolo For now, Blend's IPO documents are confidential. But eventually its financials will hit the street. Read More
Calabria Acknowledges ‘Pinch’ on NOO/Second-Home Market Caused by Reg Change April 22, 2021 Dennis Hollier FHFA chief Mark Calabria: “The reality is that, in the short run, there will be a pinch on the market, if you will."Read More
Agency MI Market Retrenches in 1Q but Remains Robust Overall April 22, 2021 John Bancroft Sales of purchase loans with private MI coverage fell 21.7%, while Ginnie recorded somewhat more modest declines in FHA (16.0%) and VA (18.0%) volume. Read More
Ocwen Will Pay a ‘Modest’ Premium for Texas Capital’s MSRs April 22, 2021 Paul Muolo For Ocwen, the acquisitions represent a chance to grow its lending business and bolster its MSR portfolio. Read More
SFA Drafts Reporting Standards for Non-Agency MBS Servicers April 22, 2021 Brandon Ivey The voluntary standards are in response to complaints from non-agency MBS investors regarding disclosure of loan performance amid the pandemic. Read More
Critics Rehash (and Trash) Utility Model for Fannie and Freddie April 21, 2021 Dennis Hollier One big rah-rah fan of the GSE utility model is the National Association of Realtors... Read More
Happy Days are Here Again: Rates Fall, Applications Rise April 21, 2021 Paul Muolo The tide has turned on new loan applications, at least for now...Read More
State Regulators Scaling Back Proposed Standards for Large Nonbank Servicers April 21, 2021 Brandon Ivey CSBS plans to reduce the subjectivity in standards for large nonbank servicers or potentially drop the standards altogether.Read More
Agency Delinquency Rates Decline Sharply in 1Q21 April 20, 2021 John Bancroft The combined overall delinquency rate for Fannie and Freddie dropped to 2.57% at the end of March... Read More
Ginnie Servicer Buyouts for Loss Mitigation/Foreclosure Jump 58% in 1Q21 April 20, 2021 John Bancroft The game is on: Ginnie Mae buyouts for loss mitigation/foreclosure purposes spiked in 1Q21 to $9.7 billion...Read More