Rocket CEO Farner Keeps Buying Shares September 1, 2022 Paul Muolo Farner directly owns 3.87 million shares of Rocket’s common...Read More
FHFA Sets Comprehensive Review of FHLB System. A Key Issue: Membership September 1, 2022 Sam Manas Bottom line: nonbanks would love to be members of the system...Read More
CFPB Plan to Regulate Customer Service Draws Criticism September 1, 2022 Sam Manas The CFPB made inquiries regarding how customer service representatives are evaluated and compensated...Read More
Loan Originators Settle Insider Trading Case Tied to Equifax Shares September 1, 2022 Brandon Ivey As part of the settlement, the Palmers did not admit to any wrongdoing...Read More
Signs of Improvement in Non-QM Pricing? Sort Of... August 31, 2022 Paul Muolo Some shops are reporting an improvement of sorts, but no one’s popping champagne.Read More
Production and Servicing Profits Take a Hit in 2Q August 31, 2022 Namrata Bhatia The reason for the weak quarter: plunging originations and stiff competition...Read More
Fannie Gets Ready to ‘Calibrate’ Its Seller/Servicers August 31, 2022 Paul Muolo Some industry vendors, such as Xactus, are trying to drum up business based on the policy change.Read More
Bank MSR Values the Highest Since 4Q 2005 August 30, 2022 Namrata Bhatia At June 30, banks assigned a market value of $47.72 billion to their MSRs, up 8.8% from March...Read More
Troubled Fintech Better.com May Remain a Private Company August 30, 2022 Paul Muolo It may be the end of the line for Better's SPAC/IPO maneuver...Read More
CSBS to Update Model Standards for Nonbanks August 30, 2022 Sam Manas The process will take several months, and will require a vote by CSBS commissioners...Read More
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