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Forbearance Reading Declines but Trouble Remains for Ginnie, PLS

October 26, 2020
Paul Muolo

On Friday, Black Knight Financial released its forbearance tally, saying cases declined by 11,000 units for the seven-day period, ending October 20. Roughly, three million mortgagors remain in active COVID-related relief programs, the analytics firm noted.


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SCOTUS Receives Last Major Brief in the (GSE) Collins Case

October 26, 2020
Dennis Hollier

Nielson’s friend of the court filing is tightly reasoned and well organized. However...


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Standing in the Way of Huge GSE Earnings for 3Q: Not Much

October 26, 2020
Paul Muolo

“While 2003 was a bigger overall mortgage year than 2020 will be, the GSE portion of the market is larger and will likely push this into the biggest year for Fannie and Freddie ever,” said Dave Stevens, the former FHA commissioner.


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New Rez More than Doubles Lending Volume, but GOS Declines

October 26, 2020
Brandon Ivey

After pulling back from correspondent lending during 2Q20 amid market volatility, New Residential sharply increased its loan purchases in the third quarter...


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Servicing Transfers (Sales) Stall in 3Q20, Ginnie Trades Nearly Dead

October 26, 2020

A mere $70.81 billion of MSR changed hands in the third quarter, the lowest total since Inside Mortgage Trends began tracking the market in 2015.


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Okay, We’re Doing Great Today, but What About Tomorrow?

October 23, 2020
Brandon Ivey

Kirstin McMullen, chief financial officer of The Money Source: “Since March, we have all made so much cash, so it’s certainly less stressful"...


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Surprise? ABS Market Roars Back in Biggest Post-Crisis Quarter

October 23, 2020
John Bancroft

The July-September cycle was the strongest production level since the second quarter of 2008, when ABS issuance hit $73.42 billion.


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Want to Buy Some loanDepot Stock? How About Some Debt?

October 23, 2020
Paul Muolo

The nonbank is weighing its IPO options. In the interim, it's selling $500 million worth of debt...


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DOJ Unveils Guild FHA Legal Settlement

October 23, 2020

In settling with the FHA charges with government, Guild did not admit liability...


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No Sign of Slowing: Existing Home Sales

October 22, 2020
Maria Volkova

Fun fact: 71% of homes were on the market for less than one month.


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