Complaints Filed with the CFPB Down in 4Q but Up for the Year January 8, 2020 Yemeng Yang The credit reporting agencies (Equifax, Transunion and Experian) continue to draw a large chunk of the complaints…Read More
Continued Gains for Subservicers January 8, 2020 Paul Muolo As far as the rankings are concerned, not much changed at the very top during the third quarter. Cenlar once again ranked first… Read More
Short Takes: Surprise: A Nonprime IPO / PIMCO’s Fingerprints / Ocwen Rising (for Now) / SitusAMC, a Leader in Due Diligence / National MI Promotes Fitzgerald January 7, 2020 Paul Muolo and Brandon Ivey Overall, 7.25 million shares of Velocity will be offered to the public.Read More
The CFPB Outlook: A Full Agenda in 2020 Amid Uncertainty January 7, 2020 Yemeng Yang The bureau could grant a short-term extension of the QM patch pending the rulemaking. Read More
The 2019 M&A Roundup: Great Expectations Fizzle January 7, 2020 Paul Muolo Also, Mr. Cooper was busy as well, buying Seterus and Pacific Union Financial…Read More
GSE MBS Issuance Tops $1T in 2019, Best Showing in Six Years January 7, 2020 John Bancroft New MBS production was up 32.0% from 2018 as an unexpected wave of refinancing business continued to pour into the secondary market.Read More
LendSure Expands into Bridge Loans January 7, 2020 Brandon Ivey The non-QM lender is now offering bridge loans with amounts of up to $3.0 million.Read More
Treasury Swings the Ax on GSE Reform. Ex-Freddie Chief Weighs the Options January 6, 2020 Dennis Hollier The Layton paper also considers Treasury’s roughly $240 billion of senior preferred equity in the GSEs…Read More
UWM’s Final Origination Tally for 2019: A Record $107.7 Billion January 6, 2020 Paul Muolo Through the first nine months of 2019 UWM had a wholesale/broker market share of 32.7%.Read More
GSEs Turn More Risk-Averse in 4Q19 January 6, 2020 The dollar volume of purchase-loan deliveries declined across all nine risk categories, with the biggest drop taking place in the highest-risk bucket.Read More