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
Inspector General Recommends CFPB Overhaul Nonbank Examinations December 21, 2021 Sam Manas The IG pinpointed four specific problem areas for the supervision...Read More
NCUA to Allow Credit Unions to Acquire MSRs from Other CUs December 17, 2021 Brandon Ivey Certain credit unions will finally be allowed to acquire mortgage servicing rights starting in April.Read More
Inspector General Calls on CFPB to Improve Supervision of Nonbanks December 17, 2021 Sam Manas In 2016, the GAO found that the bureau lacked a comprehensive list of nonbank mortgage servicers...Read More
As the Calendar Ticks Down, Bulk MSR Sales Proliferate December 17, 2021 Paul Muolo Meanwhile, David Fleig, president of MorVest Capital, was reporting “very strong” interest in MSR financing on the part of independent mortgage bankers.Read More
Short Takes: A Good Time to Be a Purchase Lender / Forbearance Increases / Annual Meetings, Already? / Date, Fenway and Better December 17, 2021 Paul Muolo and Brandon Ivey
Slow but Steady Growth for the Subservicing Sector December 14, 2021 Paul Muolo The biggest issue for the sector rests on the future of market leader Cenlar FSB, which in October was sanctioned by the OCC...Read More
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