Forget the Mortgage IPO Craze, Nonbanks Increasingly Turn to Debt October 30, 2020 Paul Muolo IPOs can be expensive and complicated, but debt offerings are more of a sure thing (for the right shop)...Read More
Redwood Posts Profit in 3Q, Restarts Aggregation Business October 30, 2020 Brandon Ivey Redwood locked $2.1 billion in mortgages during the third quarter but only acquired $176 million...Read More
Consumer Supervision Division Shakeup Raises Eyebrows October 29, 2020 Yemeng Yang Afterward, the enforcement office’s policy and strategy team personnel and functions will be moved to a new division... Read More
Losing Market Share Once Again: The FHA Program October 29, 2020 John Bancroft The FHA share of the insured agency market fell to 22.7%, down from 23.5% in the second quarter and 28.8% a year ago. Read More
Mr. Cooper Increases Lending by 45.4% in 3Q, Servicing Portfolio Declines October 29, 2020 Brandon Ivey Mr. Cooper, which ranks third among servicers, pinned the MSR shrinkage on prepayments as borrowers refinanced into loans offered by competitors... Read More
MFA Returns to the Market with its Second Non-QM MBS October 28, 2020 Brandon Ivey Loans in the $570.2 million MBS were originated by Citadel Servicing Corp. and have seasoned for an average of 20 months. Read More
Washington Federal (Again) Fined for HMDA Reporting Errors October 28, 2020 Yemeng Yang Washington Federal has not yet been released from a 2013 consent order with the CFPB for violating HMDA and Regulation C. Read More
Banks Report 3Q20 Surge in Mortgage Income October 28, 2020 John Bancroft The second and third quarters rank among the most profitable for the sector, though merger activity and changing mortgage strategies can make comparisons to prior periods tricky... Read More
Amid the Pandemic, Consumer Complaints Reach an All-Time High October 27, 2020 Yemeng Yang The top three in the complaint category: Experian, Transunion and Equifax... Read More
Underwriter Shortage Gets Serious as ‘Raids’ Heat Up October 27, 2020 Paul Muolo Fearful your best underwriters might get poached? You're not alone... Read More