Another Day, Another MSR Offering… February 17, 2022 Paul Muolo Roughly 85% of the loans are 30-year FRMs...Read More
Better.com's C-Suite Post Merger? February 17, 2022 At one point, Selitto was Better's president, a title now held on an interim basis by CFO Kevin Ryan.Read More
Secondary Market Deliveries Earn a Reprieve in January February 16, 2022 Dennis Hollier The year-over-year drop in production was almost across the board, with nearly 80% of the top 100 sellers showing declines in January...Read More
Tough Times On the Application Front. Hope for March? February 16, 2022 Paul Muolo As one veteran manager characterized it: “It is what it is.”Read More
CFPB Study Suggests Mortgage Bankers Have a Diversity Problem February 16, 2022 Sam Manas Mortgage banking firms were the largest part of the sample with 104 institutions.Read More
Unison Plots Growth in Home-Equity Sharing February 16, 2022 Paul Muolo The “A” bond on the securitization pays investors 4.5%...Read More
Late Payments Decline but Serious Delinquencies are Elevated February 15, 2022 Brandon Ivey Black Knight: "The decline in serious delinquencies has been slower than might be expected given the large number of borrowers who have exited forbearance"...Read More
A Stellar Year and Quarter for Fannie Mae, Net Worth Climbs to $47.4 Billion February 15, 2022 Paul Muolo and Dennis Hollier Fannie's net worth keeps climbing but its new CFO notes the MBS guarantor is "significantly" undercapitalized...Read More
Trade Group Wants Clarity on Nonbank Supervision February 15, 2022 Sam Manas Among other requests, the trade group wants the bureau to exempt smaller nonbanks from exams or audits...Read More
Freddie Offering Automated Assessment of Income from Direct Deposits February 15, 2022 Brandon Ivey Representation and warranty relief will be provided to lenders that use the service.Read More
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