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
How Many Servicing-Related Bills Are Out There? About 500 March 8, 2023 Sam Manas Time to lawyer-up? How's your compliance department? More servicing-related legislation is pending in the states...Read More
Subservicing Growth Tepid in 4Q22. A Temporary Lull? March 8, 2023 Paul Muolo Data point: Roughly 31% of all residential loans are subserviced by a vendor that doesn't own the servicing "strip"...Read More
MSR Offerings Sprout Up...Waiting on Home Point? March 7, 2023 Paul Muolo The market anticipates servicing sales news from Home Point...Read More
For Banks and Thrifts, a Downward Path for Mortgage Earnings March 6, 2023 Namrata Bhatia JPMorgan Chase made a sharp reversal into the black...Read More
A (Relatively) Small Loss for UWM, Company Sees GOS Rising for 1Q23 March 1, 2023 Paul Muolo The fair value of UWM's MSR portfolio fell by $150.8 million during the fourth quarter.Read More
CFPB Likely to Survive Supreme Court Challenge March 1, 2023 Brandon Ivey The CFPB's funding structure may be found to be unconstitutional, but that doesn't mean that the regulator will go away...Read More
A 4Q Loss for Ocwen, Company Seeks ‘Opportunities’ February 28, 2023 Paul Muolo Ocwen's origination segment recorded a pre-tax loss of $11 million in the fourth quarter...Read More
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