As Nonbank Mortgage Stocks Swoon... January 7, 2022 Paul Muolo Two of the six — UWM and FoA — became public entities via a SPAC maneuver, something Better.com is presently attempting.Read More
$10 Billion Worth of MSRs Hit the Market January 6, 2022 Paul Muolo In a red hot servicing market, bidding could be fierce...Read More
loanDepot Reaches Milestone on Developing Inhouse Servicing Platform January 4, 2022 Paul Muolo Ginnie Mae mortgages carry a servicing fee of 44 basis points. It can now keep that income all to itself, instead of sharing it with a subservicing vendor...Read More
The Fed: Borrowers Benefit From An Increase in Nonbank Share December 28, 2021 Dennis Hollier Fed researchers found that a one-standard-deviation increase in market share led to an 18% reduction in mortgage complaints against nonbanks...Read More
Credit Unions Get the Right to Buy MSRs. However... December 23, 2021 Brandon Ivey The regulatory development sounds interesting, but there are a few strings attached...Read More
Serious Delinquencies Elevated Despite Improving Loan Performance December 23, 2021 Brandon Ivey While the delinquency rate is near pre-COVID levels, the number of seriously delinquent borrowers is significantly higher.Read More
Banks Keep Adding to Their First-Lien Portfolios December 22, 2021 Among the 10 largest banks in terms of first-lien investments, only top-ranked Wells Fargo reduced its portfolio during the July-September period.Read More
FHA’s Regulatory Workload Remains Significant in 2022 December 22, 2021 Monica Hogan A spokesperson said HUD is assessing feedback on its proposal for a combination 40-year loan mod...Read More
More Servicing Packages Ready for the Auction Block December 21, 2021 Paul Muolo More MSR deals on the way? Count on it...Read More
Forbearance Exits Slow During November December 21, 2021 Brandon Ivey “The rate of improvement is expected to change very little between now and the end of the year,” Black Knight said.Read More