Servicing Props Up Mr. Cooper’s Earnings in Second Quarter July 27, 2022 Brandon Ivey Net income at Mr. Cooper Group declined by 77.1% on a sequential basis to $151 billion in the second quarter.Read More
Western Alliance Bank’s Lending Holds Up in Second Quarter July 25, 2022 Brandon Ivey Originations at the bank were essentially flat in the second quarter while margins dropped.Read More
Radian Launches Non-Agency Conduit July 25, 2022 Paul Muolo Radian joins Arch MI as mortgage insurance companies that now have non-agency conduit operations.Read More
Short Takes: Delinquencies Rise; FTHBs Look to ARMs; Loss for Agency MBS REIT July 25, 2022 Brandon Ivey After three months of declines, mortgages delinquencies increased in June.Read More
Surprise: Lone Star Stocks MBS with Loans Funded by Now-Defunct Sprout July 22, 2022 Brandon Ivey Lone Star made some adjustments to its typical MBS issuance practices to help protect investors from any fallout tied to Sprout.Read More
Still Alive: A CFPB Registration System for Nonbanks July 22, 2022 Sam Manas The CFPB has batted around the idea of a nonbank registration system for years...Read More
Better.com’s IPO/SPAC Faces Steep Odds July 22, 2022 Paul Muolo and Brandon Ivey The fintech was sanctioned by Washington state for licensing and other violations...Read More
Short Takes: Michael Strauss’ Last Stand / Not the Hamptons House / No Word / In Good Standing? / A New Compliance Chief for Freddie July 22, 2022 Paul Muolo and Brandon Ivey Now, if the house was in Jones Beach, that might be a different matter...Read More
Megabanks Report 2Q Mortgage Results. When Flat Can be Good... July 21, 2022 Paul Muolo Of the early reporting megabanks, there’ve been a few encouraging signs that all is not lost...Read More
Warehouse Lenders Object to FGMC’s Bankruptcy Plans July 20, 2022 Brandon Ivey Customers Bank and Flagstar filed separate objections to some of FGMC’s bankruptcy plans...Read More
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