Downpayment Assistance Spending Outlined in BBB Framework October 29, 2021 Monica Hogan Individual DPA grants could reach 10% of a home’s purchase price or $20,000, whichever is greater.Read More
3Q Originations Top $1T Yet Again. A New World Record On the Way? October 28, 2021 John Bancroft Barring an implosion over the next two months, 2021 will set a new world record, likely topping $4.5 trillion in annual originations.Read More
A 31% Earnings Drop for Mr. Cooper, An Aggressive MSR Mark of 121 BPs October 28, 2021 Paul Muolo Mr. Cooper values its MSRs at $3.66 billion, up from $3.31 billion 90 days earlier...Read More
Redwood Boosts Margins on Jumbos in Third Quarter October 28, 2021 Brandon Ivey Redwood's margin on residential mortgage banking activities in the third quarter of 2021 was 122 basis points, up from 98 bps...Read More
The Latest Tally on Housing in the BBB: $150B October 28, 2021 Monica Hogan The White House called the new framework the largest single investment in affordable housing in U.S. history...Read More
CFPB Director Expresses Concern Over Mortgage Refinancing Market October 28, 2021 Sam Manas In particular, Chopra wants to hear from local lenders on how to stimulate refinancing, especially for communities of color.Read More
Subservicing Giant Cenlar Sanctioned by OCC, Needs Approval to Add New Clients October 27, 2021 Paul Muolo The publicity-shy Cenlar suddenly finds itself in the regulatory spotlight...Read More
Flagstar’s Margins and Servicing Marks Improve October 27, 2021 Brandon Ivey The NYCB acquisition of Flagstar won't close until next year...Read More
GSE-Eligible Loans Propel Prime Non-Agency MBS in 3Q21 October 27, 2021 Brandon Ivey In 2Q21, the GSE-eligible share of loans going into non-agency MBS was 28%.Read More
A New MSR Offering From IMA as Valuations Firm Up October 27, 2021 Paul Muolo The auction comes at a time of rising MSR values and heightened investor interest.Read More
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