Top-50 Ranked NB Moves to Purchase Roscoe of Texas June 15, 2021 Paul Muolo No information was available on Roscoe’s residential business. Its home lending portfolio totals just $24 million.Read More
As a Profit Center, Servicing Turns a Corner as Production Profits Recede June 15, 2021 John Bancroft Much of the improvement came from three large nonbank servicers: Rocket Companies, Mr. Cooper Group and New Residential Investment...Read More
GAO: CFPB’s Fair Lending Reorganization Was a Failure June 15, 2021 Lisa Burden Mulvaney’s disdain for the agency, which he once called a “sick, sad joke,” is widely known...Read More
A Sign of the Times: Warehouse Commitments Begin to Ebb June 14, 2021 Paul Muolo But as always in the mortgage business, it’s not a matter of where you’ve been but where you’re going...Read More
GSE Business Tumbles in May as Refi Well Runs Dry June 14, 2021 John Bancroft Rate-term transactions, the bread-and-butter of the refi market, declined 33.6% in May. GSE purchases of cash-out refinances fell 18.1% from April.Read More
Anxious About Adhering to the Investor-Loan Cap, Freddie Trims Deliveries Even More June 14, 2021 Paul Muolo The lender bulletin was released last week and got little notice. It’s effective for mortgages with settlement dates on or after July 1, 2021.Read More
Nomura to Issue its First Warehouse Funding Securitization June 14, 2021 Brandon Ivey Initially, the securitization will facilitate originations by Finance of America Mortgage and Quicken Loans...Read More
Former Trump Ax on GSEs Weighs In: Reform is Done, It's All About Capital June 11, 2021 Dennis Hollier Perhaps the lone Democrat in the Trump administration, Phillips believes the nation needs both Fannie and Freddie...Read More
The Mortgage Employment Bonanza Continues. Signs of Easing? Nope June 11, 2021 Paul Muolo Need more workers to staff your shop? You're not alone...Read More
REITs Rein in Agency MBS in 1Q21, But a Slight Uptick for Non-Agency June 11, 2021 John Bancroft However, the group did post a 1.9% increase in its investment of non-agency MBS, boosting aggregate holdings to $7.07 billion.Read More