Finance of America Says Restructuring Could Cost Upwards of $164 Million October 24, 2022 Paul Muolo In the third quarter, FoA funded an estimated $2.6 billion of mortgages, 66.7% of it through retail means.Read More
Bank Share of GSE Servicing Up Slightly in a Choppy 3Q22 October 24, 2022 John Bancroft Flagstar accounted for most of the gain by mid-size banks, with its GSE MSR portfolio increasing a hefty $24 billion...Read More
September Sees an Uptick in MBS Trading October 24, 2022 Paul Muolo As the week began, the yield on the benchmark 10-year Treasury was at 4.27%, a few ticks below its 52-week high.Read More
Nonbanks Get a Deadline Reprieve on Ginnie RBC. However… October 21, 2022 Monica Hogan Other financial eligibility standards announced at the time remain in place...Read More
Coming Soon: Layoffs and Branch Closings at Finance of America October 21, 2022 Paul Muolo FoA recently sent a “branch offboarding information” form to all its branch managers, setting the table for large-scale cutbacks.Read More
A 3Q22 GOS Improvement for Western Alliance October 21, 2022 Brandon Ivey The bank's originations largely come through AmeriHome's activity in the correspondent channel...Read More
Truist Mortgage Chief Moves On October 21, 2022 Paul Muolo Truist ranks 13th overall among originators based on first-half 2022 figures...Read More
This Year, CSBS Expects No LO Renewal Snafus October 21, 2022 Sam Manas The organization also increased the number of servers to 40 from just six last year...Read More
FHA Share Grew in 3Q22 Agency Purchase Lending October 20, 2022 John Bancroft Meanwhile, UWM ranked as the top GSE seller of home loans with private MI coverage at the end of the third quarter.Read More
CFPB Loses Legal Battle (for Now) Over Its Funding October 20, 2022 Sam Manas Ian Katz, managing director of research firm Capital Alpha, believes the case likely will be appealed to the full Fifth Circuit.Read More
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