MBA: In 2Q, the Origination Business Was a Losing Game October 27, 2022 Dennis Hollier MBA's finding on origination losses wasn't exactly a surprise...Read More
MSRs Once Again Aid Mr. Cooper’s Results. A Subservicing Client Departs October 26, 2022 Paul Muolo The MSR mark came to $124 million in the third quarter...Read More
Flagstar’s Originations Decline Somewhat, Margins Improve October 26, 2022 Brandon Ivey Flagstar’s margin improved to 66 basis points from 39 bps in the April-June period.Read More
Researcher Says Nonbank Financial Fragility Increasing October 26, 2022 Monica Hogan The researcher believes the uptick in financial fragility among nonbanks since 2019 has been driven by large nonbanks...Read More
MBA Chief Takes Aim at Regulators, Blames Them for Increasing Costs October 25, 2022 Sam Manas Apparently, most policymakers don't realize the dominance of nonbanks in today's origination market...Read More
A Changing of the FICO Guard Is a Good Thing. Right? October 25, 2022 Dennis Hollier Even if the scores provide a similar measure of credit risk at one point in time, that equivalency could deteriorate...Read More
FHFA Will Make Cash-Outs More Expensive While Trimming LLPAs on Low/Mods October 25, 2022 Paul Muolo Specifics were light regarding the changes for cash-out refis...Read More
Finance of America Says Restructuring Could Cost Upwards of $164 Million October 24, 2022 Paul Muolo In the third quarter, FoA funded an estimated $2.6 billion of mortgages, 66.7% of it through retail means.Read More
Coming Soon: Layoffs and Branch Closings at Finance of America October 21, 2022 Paul Muolo FoA recently sent a “branch offboarding information” form to all its branch managers, setting the table for large-scale cutbacks.Read More
A 3Q22 GOS Improvement for Western Alliance October 21, 2022 Brandon Ivey The bank's originations largely come through AmeriHome's activity in the correspondent channel...Read More
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