Consumer Direct Unit Changes Hands Among Smaller Banks June 20, 2023 Brandon Ivey BNC National Bank sold its consumer direct lending unit to First Federal Bank.Read More
Numerous Regulatory Changes Involving FHA in the Works June 20, 2023 Monica Hogan More than a dozen actions are planned in the coming months.Read More
Change Seeing Success with Non-QM Program June 20, 2023 James Dohnert Change recently issued its first expanded-credit MBS to receive a AAA rating.Read More
Short Takes: Figure Expands to Wholesale / MPF Activity / Leadership Transition at Truist / New CFO at Cenlar June 20, 2023 Brandon Ivey Figure is now offering HELOCs through the wholesale channel.Read More
Wells Holds On to Top Servicer Spot June 16, 2023 John Bancroft Wells Fargo could be dethroned as the largest mortgage servicer shortly.Read More
CFPB Plans Proposal to Streamline Servicing Standards June 16, 2023 Brandon Ivey Chopra didn't provide details on the CFPB's plans, though he noted issues with paperwork, servicing fees and credit reporting.Read More
FHFA Increasing Efforts to Address Climate Change June 16, 2023 Dennis Hollier Eight internal working groups collaborate with FHFA's Climate Change and ESG Steering Committee to develop climate-related plans and policies.Read More
MBS Spreads Tighten, Providing Some Relief June 16, 2023 Paul Muolo Agency mortgage-backed security spreads to Treasuries recently moved to their tightest level in seven weeks.Read More
Short Takes: Servicers Reduce Staff / New Non-QM MBS / Homebuilder Buydown Tactics June 16, 2023 Brandon Ivey Staffing levels at servicers are declining, though not nearly at the rate seen on the origination side.Read More
Banks’ Mortgage-Banking Income Increases June 15, 2023 Brandon Ivey Mortgage-banking income at banks and thrifts increased by 35.7% in the first quarter of 2023 compared with the previous quarter.Read More
RSS