Mortgage-Related Complaints Filed With the CFPB Down in 4Q21 January 19, 2022 Andras Malatinszky However, the number of borrowers unhappy with the loan-modification process jumped 12.7%...Read More
Rice Park Secures MSR Money, Targets $70B in Acquisitions January 18, 2022 Paul Muolo Rice Park said it wants to “build a large scale and durable MSR investing business.”Read More
A Production Decline and Lower Mortgage Earnings for Truist January 18, 2022 Paul Muolo The weighted average coupon of Truist's MSR portfolio: 3.44%...Read More
Nonbank (Agency) MSR Market Share Just Shy of 61% at Yearend January 13, 2022 John Bancroft Depository institutions increased their agency mortgage servicing rights by just 0.4% during the final three months of the year.Read More
Up for Grabs: At Least $67 Billion of MSRs January 13, 2022 Paul Muolo As might be expected, all of those unloading product are believed to be nonbanks.Read More
States Urge FHA to Ensure Implementation of COVID Relief January 12, 2022 Monica Hogan The AGs said servicers are still sending borrowers letters that fail to include the COVID-19 recovery modification as an option, while requiring unnecessary paperwork...Read More
Earnings Season is About to Start. Hope for Mortgage Bankers? January 11, 2022 As Wedbush Securities notes in a new report, “We expect lower prepayment speeds should lead to positive marks on MSR values in the quarter.”Read More
Servicers Skittish on Moving Forward with Foreclosures January 11, 2022 Brandon Ivey With the CFPB watching closely, mortgage servicers are careful about how they approach foreclosures...Read More
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