MSRs Once Again Aid Mr. Cooper’s Results. A Subservicing Client Departs October 26, 2022 Paul Muolo The MSR mark came to $124 million in the third quarter...Read More
Flagstar’s Originations Decline Somewhat, Margins Improve October 26, 2022 Brandon Ivey Flagstar’s margin improved to 66 basis points from 39 bps in the April-June period.Read More
FHA Loans Keep Ginnie Delinquencies Elevated. Time to Worry? October 25, 2022 Namrata Bhatia The biggest change in the FHA portfolio was in the 30-days past due category...Read More
MSR Transfer Pace Eases in Third Lap of a Record Year October 24, 2022 John Bancroft The top buyer of bulk MSRs through the first nine months of 2022: Freedom Mortgage...Read More
Finance of America Says Restructuring Could Cost Upwards of $164 Million October 24, 2022 Paul Muolo In the third quarter, FoA funded an estimated $2.6 billion of mortgages, 66.7% of it through retail means.Read More
Bank Share of GSE Servicing Up Slightly in a Choppy 3Q22 October 24, 2022 John Bancroft Flagstar accounted for most of the gain by mid-size banks, with its GSE MSR portfolio increasing a hefty $24 billion...Read More
Nonbanks Get a Deadline Reprieve on Ginnie RBC. However… October 21, 2022 Monica Hogan Other financial eligibility standards announced at the time remain in place...Read More
A 3Q22 GOS Improvement for Western Alliance October 21, 2022 Brandon Ivey The bank's originations largely come through AmeriHome's activity in the correspondent channel...Read More
PE-Backed Marlin Strikes a Deal for LoanFront October 20, 2022 Paul Muolo Marlin also has its eye on correspondent lending...Read More
Short Takes: Prepping for Branch Closures / Would You Like to Keep the Copier? / A Stronger Profit for Texas Capital / Coming Soon: loanDepot’s 3Q22 Results October 20, 2022 Paul Muolo Finance of America is preparing to close retail branches outright...Read More
RSS