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
Future of Nation’s Largest Nonprime Servicer SPS? CS Won't Say March 20, 2023 Paul Muolo SPS has a portfolio size of $141.0 billion and a dominant market share of 42.9%...Read More
Mortgage Servicing Market Leans More to Whole Loans March 16, 2023 John Bancroft Building a portfolio of home loans through branch offices is about as old-school as business gets.Read More
Nonbanks Seek Higher Ground, Move Deposits Around March 16, 2023 Paul Muolo Some regional banks have been paying higher interest rates to attract escrow money...Read More
A Slight Increase for Nonprime Servicing Balances March 15, 2023 Brandon Ivey Credit Suisse’s Select Portfolio Servicing was the largest nonprime servicer, by far, at Dec. 31, with $141.0 billion...Read More
More Red Ink for loanDepot, GOS Slips to 145 BPs March 9, 2023 Paul Muolo The Irvine, CA-based lender/servicer — like most originators — has been slashing staff and other costs...Read More
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