Servicing Issues Increase in Mortgage Complaints to CFPB October 24, 2024 Shannon Clark Mortgage-related complaints submitted to the CFPB were up 2.7% from the second quarter, driven by servicing issues.Read More
Outsourcing an Option as Originations Grow October 24, 2024 James Dohnert Using outsourcing providers can help lenders avoid the hiring cycle that accompanies originations booms and busts.Read More
Short Takes: Mr. Cooper Growing and Shrinking / State Regulators Urge Mortgage Industry to Log In / Home Sales ‘Stuck’ / Expanded-Credit MBS From A&D October 24, 2024 Brandon Ivey Mr. Cooper group has reduced its servicing staff and is adding to its originations unit.Read More
Strong 3Q Originations From PFSI... But MSRs Values Nicked October 23, 2024 Paul Muolo PennyMac funded $31.7 billion of residential loans during the July-September corridor, a handsome 17% improvement...Read More
Originations Soar for Mr. Cooper During 3Q October 23, 2024 Shannon Clark The mortgage servicer funded over 25,000 new mortgage orignations in the quarter.Read More
There Goes the Mini Refi Boom? October 21, 2024 Paul Muolo Sales of MSRs have been slow, but some owners of MSRs could decide to unload a portion of their holdings...Read More
Democrats Urge Regulators to Rein In FICO October 21, 2024 Dennis Hollier The Democrats calculate that the cost of a FICO score has increased by as much as 400% over the past two years.Read More
Primary MI Volume Increases in Third Quarter October 18, 2024 Brandon Ivey The increase in the use of primary MI during the third quarter was sharpest in refinances.Read More
Western Alliance Boosts Originations in 3Q, Revenue Down October 18, 2024 Brandon Ivey While production increased, mortgage-banking revenue at Western Alliance declined by 31.0%.Read More
Short Takes: Update on Mr. Cooper’s Acquisition of Flagstar Assets / Home Sales Slow in CA / Interest Rates Up Again / FHLBanks Boost Affordable Housing Contributions October 18, 2024 Brandon Ivey Flagstar is on track to sell its mortgage servicing business and third-party origination business to Mr. Cooper Group during the fourth quarter.Read More
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