Delinquency Rate Ticks Up in Third Quarter. Meaning? November 12, 2021 Brandon Ivey Reasons? Many borrowers are reaching the end of their forbearance periods...Read More
Pricing Dispute Prompts Pause in Ocwen’s Clean-Up Calls November 12, 2021 Brandon Ivey According to the Oakleaf Group, an analytics firm, governing documents for many non-agency MBS don’t include an explanation on how to calculate the fair market value...Read More
Lenders Worry About Fix-n-Flip? Not Really... November 12, 2021 Paul Muolo Acra's goal for 2022? To originate anywhere from $500 million to $750 million worth of these short-term loans.Read More
Loan Officers Earning Less Money These Days November 12, 2021 Monica Hogan On average, LOs facilitated 32% less refi volume in the third quarter, with $900,000 in refi production per month.Read More
Private MIs Gain Share in Slumping 3Q21 Market November 11, 2021 John Bancroft New primary MI on purchase-money mortgages was up from the second quarter. Private MIs reported a 4.2% increase to $134.22 billion...Read More
Cenlar's Subservicing Clients Weighing Their Options November 11, 2021 Paul Muolo One of Cenlar's subservicing clients is United Wholesale Mortgage...Read More
Barclays to Issue its First Non-QM MBS November 11, 2021 Brandon Ivey Barclays was an active issuer of non-agency MBS in the lead-up to 2008, but the firm hasn't issued a deal with newer loans since then.Read More
An Earnings Rebound for Guild Amid Stronger Originations, Weaker GOS November 11, 2021 Paul Muolo In 3Q21, 61% of Guild's fundings were purchase-related as opposed to refis...Read More
Mortgage-Related Complaints Fall Across the Board November 10, 2021 Brandon Ivey Complaints regarding loan closings declined at the fastest rate during the third quarter...Read More
Angel Oak (the REIT) Sees a Spike in Income as Non-QM Sector Heats Up November 10, 2021 Brandon Ivey Brandon Filson, AOM’s chief financial officer, said the company has the potential to generate returns of roughly 12% to 15% from whole loans...Read More