CFPB Slams Wells for Being a ‘Repeat’ Abuser of its Customers, Orders $3.7 Billion in Redress December 20, 2022 Sam Manas Wells is the nation's largest servicer of residential mortgages...Read More
MSR Sales Should be Strong Next Year. Caveats? December 19, 2022 Paul Muolo IMA's Tom Piercy is forecasting that a robust volume of product will hit the auction circuit next year...Read More
A Milestone of Sorts: Servicing Balances Crack the $13T Mark December 15, 2022 John Bancroft Securitization, including agency and non-agency MBS, accounted for 69.4% of the home mortgage market.Read More
Slow Growth for Subprime Servicers but Growth Nonetheless December 13, 2022 Namrata Bhatia Among the top 10 players in the sector, seven increased their nonprime portfolios from the second to the third quarter.Read More
Nonbanks Raised $4B of Capital in 2022. As for Next Year… December 6, 2022 Paul Muolo BTIG believes the "near-term opportunity" favors more of a valuation recovery story for the mortgage stocks it covers...Read More
Slow Growth for Most Subservicers. A Shakeup Ahead? December 6, 2022 Paul Muolo Three of the nation’s top 15 subservicing vendors are in the process of being sold or merged...Read More
Mortgage Servicers Focus on Enriching Customer Relationships December 6, 2022 John Bancroft Annaly's Ken Adler noted that the mortgage business is in largely unchartered territory...Read More
Short Takes: Home Point Unloads Ginnie MSRs… / And More / A Decline in Home Values / Why? / loanDepot Loses Another Executive December 6, 2022 Paul Muolo October brought a month-over-month decline in home prices...Read More
Servicing Paddles Harder to Keep Lenders Afloat in 3Q December 5, 2022 John Bancroft Three of the 22 companies reported net losses on production...Read More
Phoenix Out With Another MSR Deal, This One Top-Heavy With NY Product December 5, 2022 Paul Muolo The bid deadline is Dec. 6...Read More
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