Banks Pull Back on Mortgage Lending, Pinching Profits August 15, 2023 James Dohnert While curtailing lending can help banks conserve capital, Moody’s Investors Service warned that the strategy could backfire.Read More
Short Takes: New-Home Loan Applications Level Off / New REIT for Roc / Another Pivot for Altisource Asset Management? August 15, 2023 Brandon Ivey Altisource Asset Management shifted in recent years from asset management to aggregating non-agency mortgages. Another shift could be in the works...Read More
Ginnie Mae Wants to Help Nonbanks Cope With High Interest Rates August 11, 2023 Monica Hogan Ginnie President says nonbank liquidity problems due to high interest rates are "the biggest challenge of our time."Read More
Select Portfolio Servicing Placed Into a ‘Bad Bank’? August 11, 2023 Paul Muolo Has UBS given up on owning a servicer?Read More
Uncertainty on Timeline of New Credit Score Models August 11, 2023 Dennis Hollier Industry wants more time to comply with new credit score requirements.Read More
ICE-Black Knight Merger Back on Track August 11, 2023 Sam Manas Deal with FTC could set the stage for ICE and Black Knight to consummate their beleaguered merger.Read More
Retail Channel Gains Share in Agency Market August 10, 2023 Andras Malatinszky The retail channel gained market share from brokers and correspondents in the second quarter.Read More
GSEs to Phase Out COVID Servicing Policies August 10, 2023 Dennis Hollier Most pandemic-era flexibilities regarding QRPC, forbearances and loan-modification plans will sunset Nov. 1.Read More
United Wholesale’s Earnings Propped Up by MSR Sales August 10, 2023 Brandon Ivey Year-to-date, UWM has booked nearly $1.4 billion in proceeds from sales of MSRs and excess MSRs.Read More
Blend Cuts More Staff in Effort to Turn Profit August 10, 2023 Brandon Ivey The layoffs will result in a $33 million reduction in operating expenses on an annual basis.Read More
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