Ginnie Delinquencies Decline in 1Q22 May 3, 2022 Monica Hogan Late payments on FHA loans narrowed by 78 basis points from the fourth quarter of 2021...Read More
Servicers Raise Concerns Over GSE Eligibility Requirements May 2, 2022 Dennis Hollier MBA criticized FHFA’s plan to impose a 2% liquidity requirement on servicers’ hedging position in the TBA market...Read More
Another Robust Week for Mortgage Servicing Sales April 29, 2022 Paul Muolo MSR prices remain strong and could move even higher, some investment bankers predict...Read More
Blow-out Earnings for Mr. Cooper. Reason: Huge MSR Gains April 29, 2022 Paul Muolo And let us now praise MSRs...Read More
Buyouts from Ginnie MBS Revert Back to Pre-Pandemic Levels April 29, 2022 Brandon Ivey Another factor: the drop in repurchases appears to be driven by improvements in delinquency rates.Read More
A Nice First Quarter Profit for Ocwen, Thanks to MSRs April 28, 2022 Brandon Ivey Despite the good news on MSR valuations, Ocwen is getting squeezed on originations, just like every other mortgage banker.Read More
Mortgage-Related Complaints Rise Again in 1Q, 'Coop' Leads the Pack April 27, 2022 Andras Malatinszky When it comes to mortgage gripes registered, Wells Fargo was a distant second with 386...Read More
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
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