Nonbank A-Paper Giants Ready to Test the Non-QM Market? April 15, 2022 Paul Muolo It was thought that once UWM made the move, several of its nonbank competitors would jump on the bandwagon...Read More
Lenders Far and Wide Slam 'Junk Fees' Rule April 15, 2022 Sam Manas MBA believes the proposal would "only serve to add complexity and cost to lender operations and confuse consumers"...Read More
Additional Servicing Auctions Come to Light April 15, 2022 Paul Muolo The odds of these receivables refinancing anytime soon? Probably not very high.Read More
Nonbank Agency MSR Share: North of 61% April 14, 2022 John Bancroft Nonbanks continued their dominance in the MSR sector, a fact that likely keeps some federal regulators up at night...Read More
Bank Residential Originations Hit Hard but a Few Exceptions April 14, 2022 Paul Muolo U.S. Bank, another top-10 player in home finance, saw its home lending volume slip 34.1% from 4Q21...Read More
Fannie and Freddie Kill Minimum Credit Scores for 'Affordable' Refis April 14, 2022 Dennis Hollier Note: Borrowers must still have a credit score, which must be provided at delivery.Read More
After Facing Scrutiny, Wells Launches Refi Program for Minorities April 14, 2022 Sam Manas The program will reduce refinancing costs for pre-identified minority homeowners whose mortgages are serviced by Wells.Read More
A Steep Origination Drop for JPM in 1Q22 but a Nice Hike in MSR Values April 13, 2022 Paul Muolo JPMorgan also increased the asset value of its mortgage servicing rights portfolio to 127 basis points from 106 bps at Dec. 31.Read More
Expanded-Credit MBS Market Begins to Stir April 13, 2022 Brandon Ivey Three EC deals hit the market early this week after a nearly two-weeks of silence.Read More
Equity-Sharing Programs Gaining Momentum Over HELs April 13, 2022 Brandon Ivey How mainstream is the concept? The publicly traded Redwood Trust is among the investors that recently committed more than $1.0 billion to Point...Read More
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