CFPB Settles with ‘Successor’ to Seterus Over Loss Mitigation Work December 18, 2020 Paul Muolo At one point, the IBM-controlled Seterus did contract servicing work for Fannie Mae...Read More
Connecticut Hard-Money Lender Readies Five-Year Paper December 18, 2020 Paul Muolo Through the first three quarters of 2019, Sachem has earned $6.6 million.Read More
Credit Unions Move a Step Closer to Investing in MSRs December 18, 2020 Brandon Ivey Credit unions are currently prohibited from purchasing MSRs as an investment. The proposal was opposed by the Democrat on the NCUA's board.Read More
A Mortgage M&A Boom in 2021 or Wishful Thinking? December 17, 2020 Paul Muolo This year, mortgage bankers were making too much money and pushed aside the thought of selling. Next year might be a different story...Read More
Trouble Ahead as 30-Day Delinquencies Rise on Agencies December 17, 2020 John Bancroft Although early-payment delinquency rates were up across the board, they remained significantly lower than six months ago.Read More
As the Year Winds Down, New Liquidity Standards for the GSEs December 17, 2020 Dennis Hollier In addition, the language includes a 365-day requirement, which essentially extends the short-term cash flow analysis.Read More
Subservicers Continue Their Strong Growth, but For How Long? December 17, 2020 Paul Muolo Subservicers continue to benefit from the keep-and-hold strategy being employed by small- to medium-sized shops. (Includes data chart.)Read More
Redwood Getting Back on Track with Jumbo MBS December 17, 2020 Brandon Ivey Mortgages from 51 different originators are included in the deal, led by PrimeLending with a 19.9% share... Read More
Coming to the MSR Market Soon: Credit Unions as Buyers? December 16, 2020 Brandon Ivey A proposed rule regarding credit unions and MSRs is scheduled to be discussed late this week at an NCUA board meeting.Read More
An Unexpected Rise in Home-Equity Lending During 3Q20 December 16, 2020 John Bancroft Call-report data analyzed by Inside Mortgage Finance show that banks, thrifts and credit unions housed $371.4 billion of HELOCs on their balance sheets, down 3.1% from the second quarter.Read More