NCUA to Allow Credit Unions to Acquire MSRs from Other CUs December 17, 2021 Brandon Ivey Certain credit unions will finally be allowed to acquire mortgage servicing rights starting in April.Read More
Inspector General Calls on CFPB to Improve Supervision of Nonbanks December 17, 2021 Sam Manas In 2016, the GAO found that the bureau lacked a comprehensive list of nonbank mortgage servicers...Read More
As the Calendar Ticks Down, Bulk MSR Sales Proliferate December 17, 2021 Paul Muolo Meanwhile, David Fleig, president of MorVest Capital, was reporting “very strong” interest in MSR financing on the part of independent mortgage bankers.Read More
Short Takes: A Good Time to Be a Purchase Lender / Forbearance Increases / Annual Meetings, Already? / Date, Fenway and Better December 17, 2021 Paul Muolo and Brandon Ivey
Plenty of Home Equity but Consumers Just Aren't Tapping It December 16, 2021 John Bancroft Federally insured depositories reported $54.71 billion of closed-end second mortgages on their books, down 3.3%.Read More
Better's Future: Clean It Up and Sell It? December 16, 2021 Paul Muolo The Better.com story continues to percolate...Read More
Lender Facing Loss After Setback in Appraisal Case December 16, 2021 Brandon Ivey Fannie Mae discovered the encroachment during an audit...Read More
The Fed Accelerates End of MBS Purchases December 16, 2021 Dennis Hollier Three interest rate hikes from the Fed next year? Could be...Read More
Agencies Review QRM. Conclusion: Carry On December 15, 2021 Brandon Ivey Federal regulators started their review of risk-retention standards for residential MBS in December 2019. The review ended with no action this week.Read More
Can Cash-out Refis Buffer the Layoff Picture? December 15, 2021 Also, several shops are aggressively marketing to their servicing customers, pitching cash-out refis.Read More
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