Home Lenders Temporarily Drop Tax Transcript Requirement April 22, 2022 Brandon Ivey Among the lenders known to have suspended the underwriting requirement are PennyMac, AmeriHome and...Read More
A Nice Hike in MSR Values for 1Q22, JPM Especially... April 22, 2022 Paul Muolo JPM valued its $575.4 billion of TPO servicing at 127 bps at March 31, a mouth-watering increase of 19.8% from yearend...Read More
ABS Starts Strong in Early 2022, Driven by Key Sectors April 22, 2022 John Bancroft The two biggest asset classes in the ABS market – vehicles and business finance — accounted for most of the first-quarter surge.Read More
As Nonbanks Falter, Warehouse Giant Texas Capital Works to Diversify April 21, 2022 Brandon Ivey Previously, Texas Capital executives estimated the bank's mortgage finance volume would decline at a rate in the “high teens” this year, but now they're projecting a “mid-30%” decline.Read More
Private Mortgage Insurers Gain Share in Crumbling Agency Market April 21, 2022 John Bancroft The FHA saw a steep 21.1% decline in volume, while the VA posted an 18.4% decline from the fourth quarter...Read More
The Compensation Package for a CEO Whose Company Lost $1.3B in 4Q: $19.1 Million April 21, 2022 Paul Muolo FoA lost $1.34 billion in the fourth quarter after booking a large goodwill impairment...Read More
M&A Talk Heats Up, CrossCountry a Buyer? April 21, 2022 Paul Muolo Dealmakers like Jeff Levine, Chuck Klein and David Schneider should have a busy year...Read More
GSE Investment-Property Volume Holds Up Fairly Well in 1Q22 April 20, 2022 Brandon Ivey Noncore products entail collateral that might be handled by the non-agency market...Read More
A 44% Raise for Ocwen CEO Messina April 20, 2022 Paul Muolo In 2021, Ocwen earned $18.1 million on revenue of $1.05 billion...Read More
Court Dismisses Selected Claims in Angel Oak LO Lawsuit April 20, 2022 Brandon Ivey Overall, Angel Oak made nine claims against the LOs and LendSure...Read More
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