Court Rules in Favor of RoundPoint, Allows M&A Lawsuit Against Freedom to Proceed July 23, 2020 Paul Muolo Freedom's proposed acquisition of RoundPoint Mortgage has turned into a legal mess...Read More
Another Quarterly Loss for New Residential, Originations Suffer July 22, 2020 Paul Muolo NRIC’s mortgage banking affiliate, NewRez, funded $8.3 billion of residential loans in 2Q20, a sequential decline of 27.2%...Read More
A Cloud Hanging Over Jumbos? July 22, 2020 Brandon Ivey Lenders across the nation are taking a close look at their jumbo underwriting standards, including market leader Wells Fargo... Read More
Two Harbors Plans to Terminate Agreement with External Manager for 'Cause' July 22, 2020 Brandon Ivey By terminating its management agreement with PRCM for cause, Two Harbors will avoid paying a $144 million fee. Read More
The Pandemic Effect? GSE FICO Scores Head North in 2Q20 July 22, 2020 John Bancroft Mortgages with credit scores of 740 and up accounted for 72.69% of GSE refi business, up from 65.55% in the first quarter. Read More
The Pandemic Effect: A New Record High in Consumer Complaints July 21, 2020 Yemeng Yang The mortgage sector, which has been saddled with pandemic-related forbearance issues, has fallen off the complaint curve...Read More
On the IPO Circuit, Next Up: Caliber? July 21, 2020 Paul Muolo Will Quicken's IPO be a one-and-done? Opinions differ... Read More
Angelo Gordon Brings MBS with Slightly Seasoned Non-QMs July 21, 2020 Brandon Ivey Some 10.1% of loans in the deal are in forbearance and another 1.8% have received deferrals.Read More
Mortgage Forbearance Cases Drift Lower Despite Increasing Infections, Economic Uncertainty July 20, 2020 Even loans that fall into the “other” category (portfolio and private-label loans mostly) dropped: 10.41% from 10.93% on July 5.Read More
Quicken Takes No Prisoners in 2Q20, Funds a Record $72.3 Billion. Parent Reports Stellar Earnings July 20, 2020 Brandon Ivey After overtaking Wells in the first quarter of 2020 as the top lender in the nation, Quicken widened its lead.Read More
RSS