CFPB Clarifies: So-Called Convenience Fees Are Illegal July 19, 2022 Sam Manas The agency said collection of any fee is forbidden unless it's mentioned in the consumer’s contract or...Read More
Bulk MSR Transfers Soar in Massive 2Q22 Reshuffling July 18, 2022 John Bancroft Year-to-date transfers of Fannie Mae, Freddie Mac and Ginnie Mae servicing hit $561.35 billion, setting a pace for a $1 trillion year.Read More
2Q22 Results: Originations Fall at Wells Fargo, MSRs Get Marked Up July 15, 2022 The stagecoach added that year-over-year results were partially offset by higher mortgage servicing income.Read More
Lower 2Q22 Originations for JPM, a Nice Gain for Jumbo Specialist FRB July 14, 2022 Paul Muolo JPM is the first publicly traded bank or mortgage company to report 2Q22 results.Read More
MSRs in the Spotlight as Earnings Season Approaches July 11, 2022 Paul Muolo Overall, the servicing business is good, very good, most will agree...Read More
Coming Government Rule Changes: A Busy FHA July 11, 2022 Monica Hogan Another possible change: A notice of proposed rulemaking is scheduled in April 2023 to address reductions on servicing costs...Read More
The Next Shoe to Drop on Mortgage Stocks: Credit Concerns? July 5, 2022 Paul Muolo Credit concerns are not yet a problem, or much of a concern, in the mortgage industry...Read More
Short Takes: Feeling Safe from FGMC / IPOs? No / loanDepot Insiders Keep Selling / A Large MSR Offering From MIAC / An MBS With Sprout Loans / A Day Off July 1, 2022 Paul Muolo The deluge in MSR auctions continues apace...Read More
Annaly Paints Rosy Picture For MBS, Servicing Rights June 30, 2022 Sam Manas Annaly values its MSRs at north of $1 billion...Read More
2Q22 is Almost Over. Servicing Markups? Anyone? June 29, 2022 Paul Muolo One advisor noted: "If you want to go higher now you can, but the dynamics justifying it may not last much longer.”Read More
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