In 2Q21, the MSR Gains Continue for Nonbanks August 5, 2021 The appeal of owning MSRs seems to be lost on commercial banks. Will the trend line ever change?Read More
New York Emerges as a Battleground on Nonbank CRA August 5, 2021 Lisa Burden The proposed legislation has passed both chambers of the New York Assembly and awaits the governor’s consideration.Read More
Two Harbors Takes $132 Million Loss for 2Q, MSR Marks to Blame August 5, 2021 Brandon Ivey Two Harbors, of course, isn't the only REIT venturing out into MSR investing but it's certainly been one of the more aggressive...Read More
Time for FHA to Revise Its Loan-Modification Options? August 5, 2021 Brandon Ivey HFPC is urging FHA to offer a more flexible option whereby servicers can use a portion of the partial claim to reduce a borrower’s monthly payment, dollar for dollar...Read More
Flagstar Top Contributor to Expanded-Credit MBS in 2Q21 August 4, 2021 Brandon Ivey Some $1.12 billion of ECMs originated by Flagstar were included in non-agency MBS during 2Q21. The lender is slated for sale to NYCB.Read More
NJ Nonbank Sets Merger With Fintech Shop Figure August 4, 2021 Brandon Ivey Homebridge ranks 35th among all home lenders, according to Inside Mortgage Finance...Read More
A Healthy Market for Ginnie EBOs? Looks That Way August 4, 2021 Paul Muolo Ginnie early buyout activity has been rising steadily since early 2020, right before the pandemic struck.Read More
Citi Recruits Liz Bryant from Wells Fargo to Head Mortgage Sales August 4, 2021 Monica Hogan Back in April, Citi hired J.R. Russell, head of consumer direct lending, away from Wells where he served in a similar role.Read More
An Across-the-Board Drop in Mortgage Complaints August 4, 2021 Lisa Burden On the origination side of the ledger, issues with loan applications decreased 7.0% to 1,613...Read More
Fannie Reports Stellar 2Q21 Earnings, Says the AMRF Not a Big Contributor August 3, 2021 Paul Muolo Fannie’s net worth position increased to $37.5 billion, up 47.4% from a year ago.Read More