The FHA Lender Penalty Tally for FY21: A Mere $11 Million May 2, 2022 The take-away compared to years past: FHA lenders appear to be behaving themselves...Read More
Redwood to Acquire Bridge-Loan Originator; Profit Declines in 1Q April 29, 2022 Brandon Ivey Riverbend Funding originated more than $1.0 billion of bridge loans over the past 12 months...Read More
Another Robust Week for Mortgage Servicing Sales April 29, 2022 Paul Muolo MSR prices remain strong and could move even higher, some investment bankers predict...Read More
Blow-out Earnings for Mr. Cooper. Reason: Huge MSR Gains April 29, 2022 Paul Muolo And let us now praise MSRs...Read More
Buyouts from Ginnie MBS Revert Back to Pre-Pandemic Levels April 29, 2022 Brandon Ivey Another factor: the drop in repurchases appears to be driven by improvements in delinquency rates.Read More
Mortgage Originations Take a Beating in Early 2022 April 28, 2022 John Bancroft Among the top 10 funders, the declines were mostly brutal, ranging from a low of -21.1% to a high of -37.2%.Read More
A Strong 1Q22 Profit for Freddie April 28, 2022 Paul Muolo Freddie took in new business of $207.0 billion in the January-March period, down 23.6% sequentially...Read More
A Nice First Quarter Profit for Ocwen, Thanks to MSRs April 28, 2022 Brandon Ivey Despite the good news on MSR valuations, Ocwen is getting squeezed on originations, just like every other mortgage banker.Read More
Mortgage Lenders Begin Layoffs. A Lot More on the Way... April 28, 2022 Sam Manas The veteran mortgage advisor believes lenders should be instituting more layoffs. Read More
CFPB Chief Holding His Fire on Mortgage Enforcement April 28, 2022 Sam Manas Richard Horn, a former CFPB senior counsel, said the bureau has been “surprisingly quiet in terms of real actions.”Read More
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