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
As Summer Winds Down, Three MSR Portfolios Hit the Circuit August 30, 2022 Paul Muolo The Prestwick Group is selling $598 million of Fannie/Freddie product...Read More
Short Takes: Being Blunt About the Market / Wells and Ginnie? / Not a Morale Booster: Layoffs / In a Buying Mood / Vendor Gets a New GC August 30, 2022 Better.com worries about employee morale...Read More
Time Running out for Impac, Nonbank Receives Warning Letter from the NYSE August 29, 2022 Paul Muolo Impac is headed by former investment banker George Mangiaracina...Read More
Subservicing Growth Faces Headwinds August 29, 2022 Paul Muolo At June 30, subservicing vendors handled the monthly processing chores on 31.5% of all residential mortgages...Read More
Bank ABS Holdings Decline in 2Q, Led by Consumer Assets August 29, 2022 John Bancroft The slippage reflected both declines in the market value of ABS as well as a modest trimming of assets.Read More
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