A Strong 3Q21 Showing for New Residential as GOS Heads North November 2, 2021 Paul Muolo At Sept. 30, New Residential valued its portfolio of mortgage servicing rights at $6.56 billion...Read More
Banks Report Solid Gain in Mortgage Income in 3Q November 1, 2021 John Bancroft Although new originations and loan sales declined from the second quarter, many firms said gain-on-sale margins improved.Read More
Freddie Sees 3Q21 Growth Spurt, Bulk MSR Deals Up November 1, 2021 John Bancroft Large mortgage bankers recorded a 5.2% gain in GSE servicing, while small- and mid-sized companies posted an 8.7% gain....Read More
A Strong Profit for loanDepot as GOS Improves. Company Promises New Products November 1, 2021 Paul Muolo
Suddenly, Everyone Loves MSRs, Even Banks and PE Firms October 29, 2021 Paul Muolo MSRs are red hot. A lasting thing?Read More
Nonbanks Worry About Ginnie's Pending Capital Proposal October 29, 2021 Brandon Ivey In August, Ginnie sought comments on the capital standards. While some of the changes would apply to all servicers, others would apply specifically to nonbanks, the dominant players in the agency’s MBS program.Read More
A 31% Earnings Drop for Mr. Cooper, An Aggressive MSR Mark of 121 BPs October 28, 2021 Paul Muolo Mr. Cooper values its MSRs at $3.66 billion, up from $3.31 billion 90 days earlier...Read More
Subservicing Giant Cenlar Sanctioned by OCC, Needs Approval to Add New Clients October 27, 2021 Paul Muolo The publicity-shy Cenlar suddenly finds itself in the regulatory spotlight...Read More
Flagstar’s Margins and Servicing Marks Improve October 27, 2021 Brandon Ivey The NYCB acquisition of Flagstar won't close until next year...Read More
A New MSR Offering From IMA as Valuations Firm Up October 27, 2021 Paul Muolo The auction comes at a time of rising MSR values and heightened investor interest.Read More
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