Short Takes: More from CFPB on LEP / Garris Horn Adds Attorneys / MISMO Tech for Servicing Transfers March 30, 2023 Sam Manas and Brandon Ivey
CFPB Asking Questions About ‘Capital Liquidity Resilience’ of Servicers March 29, 2023 Sam Manas The CFPB is working with the FHFA and state regulators to make sure nonbank servicers are resilient...Read More
A Buying Opportunity in MSRs? March 24, 2023 Paul Muolo Earlier in the week, every deal in the pipeline was on hold, said one advisor...Read More
Nation’s Largest Non-Agency Servicer ‘Still Available’ March 23, 2023 Paul Muolo SPS is the nation’s largest servicer of nonprime mortgage assets. It also happens to be an orphan. The company is owned by Credit Suisse, whose new owner, UBS, isn’t likely to keep it.Read More
Grapevine: Trouble in Fix-and-Flip Land? / About Nonbanks… March 23, 2023 Paul Muolo and Dennis Hollier There are plenty of fix-and-flip home sales but profitability is starting to slip. Meanwhile, in his new book, Calabria takes a poke at nonbanks.Read More
Destined for Sale, Eventually: Home Point? March 23, 2023 Paul Muolo In 4Q22, Home Point saw its gain-on-sale margin improve to 22 basis points...Read More
Still Up for Grabs: Select Portfolio Servicing March 23, 2023 Paul Muolo Past bidders on the company include Mr. Cooper, Rithm Capital and Carrington Mortgage...Read More
Investor Appetite Growing for Excess MSR Spread March 22, 2023 Brandon Ivey According to an analysis by Inside MBS & ABS, Fannie issued $608.65 billion of XSIO MBS last year...Read More
An Increasing Problem: ‘Junk’ Fees Levied by Mortgage Servicers March 21, 2023 Sam Manas The bureau said home loan servicers are repeatedly charging borrowers for property inspection visits to known bad addresses.Read More
For Sale From Prestwick: Fannie, Freddie, Ginnie MSRs March 21, 2023 Paul Muolo The MSRs have roughly 26 months of seasoning...Read More
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