Ellington, New Residential Offer Separate Non-QM MBS January 14, 2022 Brandon Ivey The issuers largely sourced loans for the MBS from affiliated lending units. Read More
HUD Needs More Controls Over FHA Refunds, OIG Says January 14, 2022 Monica Hogan HUD calculates $384.7 million in refunds was unclaimed as of June 16, 2020.Read More
Nonbank (Agency) MSR Market Share Just Shy of 61% at Yearend January 13, 2022 John Bancroft Depository institutions increased their agency mortgage servicing rights by just 0.4% during the final three months of the year.Read More
Up for Grabs: At Least $67 Billion of MSRs January 13, 2022 Paul Muolo As might be expected, all of those unloading product are believed to be nonbanks.Read More
Ginnie EBOs, Non-QMs Spur Strong Whole-Loan Trading Results January 13, 2022 Paul Muolo "It was a barbell type of year,” said MIAC's Brendan Teeley...Read More
Guaranteed Rate Kisses Wholesale Goodbye January 13, 2022 Paul Muolo The last day a broker can close a loan with GR is Feb. 28.Read More
Mortgage M&A: Redfin in Deal to Buy West Coast-based BEHL January 12, 2022 Paul Muolo After the acquisition closes, Redfin Mortgage will reduce its headcount by roughly 121 positions.Read More
The Prime Non-Agency MBS Party Continues January 12, 2022 Brandon Ivey Three prime non-agency MBS hit the market Tuesday, making eight deals offered thus far in 2022.Read More
It's Official: CoreLogic’s Martell Departs as President and CEO January 12, 2022 Paul Muolo A few months back, CoreLogic was sold to Stone Point Capital and Insight Partners for roughly $6 billion.Read More
States Urge FHA to Ensure Implementation of COVID Relief January 12, 2022 Monica Hogan The AGs said servicers are still sending borrowers letters that fail to include the COVID-19 recovery modification as an option, while requiring unnecessary paperwork...Read More