Flagstar Posts a Profit in 1Q Amid Lower Volumes, GOS and Layoffs April 27, 2022 Paul Muolo One notable: The firm assigned an asset value of 131 bps to its mortgage servicing portfolio for the first quarter compared to 112 bps in 4Q21.Read More
And the Beat Goes On: Nonbanks Continue to Gain in GSE Servicing April 26, 2022 Dennis Hollier Federally insured depositories with assets north of $1 trillion saw their GSE servicing balances remain essentially unchanged in the first quarter...Read More
Servicing Sales (Transfers) Slow in 1Q But Still at Heightened Levels April 25, 2022 John Bancroft The biggest decline in bulk transfers was in the Ginnie market, where volume plummeted 27.9%...Read More
A Nice Hike in MSR Values for 1Q22, JPM Especially... April 22, 2022 Paul Muolo JPM valued its $575.4 billion of TPO servicing at 127 bps at March 31, a mouth-watering increase of 19.8% from yearend...Read More
A Nice Hike in MSR Values for 1Q22 April 21, 2022 Paul Muolo If you’re looking for some good news regarding the mortgage sector, take a peek at MSR values for 1Q22. They increased nicely, offering some shops a financial boost of sorts.Read More
CHLA Pushes for Less Stringent GSE Eligibility Requirements April 19, 2022 Dennis Hollier Trade group says FHFA's reproposed rule would serve as a barrier to entry for smaller seller/servicers.Read More
Additional Servicing Auctions Come to Light April 15, 2022 Paul Muolo The odds of these receivables refinancing anytime soon? Probably not very high.Read More
Nonbank Agency MSR Share: North of 61% April 14, 2022 John Bancroft Nonbanks continued their dominance in the MSR sector, a fact that likely keeps some federal regulators up at night...Read More
After Facing Scrutiny, Wells Launches Refi Program for Minorities April 14, 2022 Sam Manas The program will reduce refinancing costs for pre-identified minority homeowners whose mortgages are serviced by Wells.Read More
A Steep Origination Drop for JPM in 1Q22 but a Nice Hike in MSR Values April 13, 2022 Paul Muolo JPMorgan also increased the asset value of its mortgage servicing rights portfolio to 127 basis points from 106 bps at Dec. 31.Read More