On the Road to Recovery: The Non-QM Market February 24, 2021 Brandon Ivey Michael Nierenberg of New Residential Investment Corp. expects non-QM lending to be a bigger part of the firm's business going forward...Read More
A New Yearly High for the 10-Year; Applications Tumble, LOs Weigh In… February 24, 2021 Paul Muolo Of course, just because the 10-year moves that doesn’t mean mortgage rates will follow in lockstep.Read More
State Regulators Plan Streamlined Exams, Will Finish Standards for Servicers February 24, 2021 Brandon Ivey State regulators plan to launch a "one company, one exam" pilot for nonbank mortgage companies and issue standards for servicers...Read More
Kraningers’s QM Standards Put on Hold; ‘Seasoned’ Rule Could be Revisited February 23, 2021 Lisa Burden The bottomline: The current QM standards, including the GSE patch, will remain in effect.Read More
Higher Originations, Lower Net Earnings for Mr. Cooper. MSR 'Mark' at 100 BPs February 23, 2021 Paul Muolo Mr. Cooper originated $24.5 billion of mortgages, a handsome 56.2% improvement from 3Q20.Read More
MFA Financial's 4Q Profit No Match for COVID Losses in 2020 February 23, 2021 Brandon Ivey MFA Financial took a large loss in 2020. Overall, the company didn't acquire many non-QMs during the fourth quarter...Read More
The Status of the CFPB’s QM Rule? March 1 is Just Around the Corner… February 22, 2021 Lisa Burden Attorney Brian Johnson of Alston & Bird: "It is entirely possible that under new leadership the agency would choose to adjust or rescind certain aspects [of the rule]...” Read More
Ocwen’s Overseas Headcount Declines Year-Over-Year February 22, 2021 Paul Muolo Ocwen: “Of our foreign-based employees, more than 70% were engaged in our servicing operations"... Read More
A Sequential Setback in 4Q20 but Banks Post Stellar MB Income for FY February 21, 2021 John Bancroft The final lap brought year-to-date earnings to $22.52 billion, a 66.3% gain from 2019.Read More
An Issue That Won't Go Away: the GSE Cash-Window Cap February 21, 2021 Dennis Hollier Fannie said it’s still assessing the potential damage. Freddie hinted at the possible deleterious prospects...Read More