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
Fitch Hits Finance of America With a Downgrade. What’s Left? October 18, 2022 Paul Muolo FoA's MSR assets are rapidly dwindling...Read More
Marlin's MSR Holdings Top $45 Billion With Room to Grow... October 17, 2022 Paul Muolo Marlin's Andrew Weber: “There’s a lot of servicing out there that’s going to come forward into the market."Read More
Mortgage Bellwethers Wells and JPM Disclose 3Q Originations. It’s Not Pretty October 14, 2022 The only silver lining: Both saw the asset value of their servicing portfolios rise in the quarter, JPM’s by 7%, Wells 9%.Read More
Nonbank Share of Ginnie MSR Market Just Shy of 80% at Sept. 30 October 13, 2022 John Bancroft Will changes to the eligibility rules alter the incredible grip nonbanks have on the GNMA market?Read More
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