Startup Looks to Match Homebuyers With Assumable Mortgages September 14, 2023 Brandon Ivey Tim Mayopoulos, a former CEO of Fannie Mae, is advising Roam.Read More
MBA’s Profits Increase in Fiscal Year 2022 September 12, 2023 Paul Muolo The MBA generated a profit of $11.4 million for the fiscal year ending Sept. 30, 2022, up from $976,186 in income in FY 2021.Read More
Short Takes: Chopra Concerned About CFPB’s Future / MSRs for Sale / AI Summit / PacWest’s CRT Upgraded September 12, 2023 Brandon Ivey and Paul Muolo Uncertainty for the CFPB and the mortgage industry ahead of a Supreme Court case...Read More
VA Won’t Re-Open Formal Comment Process on Servicing Effort September 11, 2023 Monica Hogan The VA said the program was being developed within its existing regulatory authority, which means the Administrative Procedures Act would not apply.Read More
Banks Increase Mortgage Income in Second Quarter September 7, 2023 Namrata Bhatia Commercial banks and savings institutions generated $2.00 billion in mortgage-banking income in the second quarter, up 8.7% from the prior period.Read More
Servicing Earnings Jump in Second Quarter September 5, 2023 John Bancroft Among a group of public mortgage companies income from servicing soared from $397.5 million in the first quarter to $1.87 billion in the second.Read More
Chase Becomes Top Jumbo Servicer in Second Quarter August 31, 2023 James Dohnert Chase tops the competition in the jumbo servicers market in the second quarter of 2023.Read More
In Late August, A Smattering of MSR Deals… August 30, 2023 Paul Muolo Rumors are circulating that Wells Fargo may be ready to peel off and sell another chunk of its MSR assets...Read More
Short Takes: ARMs Anyone? / Waiting on a 3% Refi Wave / Non-Solicit Agreements? / AmeriFirst Files for Restructuring / Another Former CoreLogic Vet Lands August 28, 2023 Paul Muolo Among AmeriFirst's creditors: Wells Fargo, U.S. Bank and Lakeview...Read More
Regions Bank Settles Flood Insurance Violations With Fed August 23, 2023 Sam Manas Birmingham, AL-based Regions Bank will pay the Federal Reserve $2.95 million for violating the regulation implementing the National Flood Insurance Act.Read More
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