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Servicing
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A Stunning MSR Gain by Nonbanks: 4Q Holdings Rise by 11%

January 27, 2021

Most nondepository servicing is held by independent mortgage bankers and other non-originating investors...


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Forbearance Reading Heads North. Reason: Private-Label Loans

January 26, 2021
Paul Muolo

The number of Ginnie Mae loans in forbearance came in at 7.61%, down 6 bps for the week while the Fannie Mae/Freddie Mac tally declined to 3.11%, a 2 bp improvement.


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Cash In Hand, UWM Reassesses Its Role in the MSR Market

January 25, 2021
Paul Muolo

CEO Mat Ishbia said the $925 million the firm  garnered from Friday’s transaction gives the nonbank solid options when it comes to growth.


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CFPB Complaints for 2020 Paint a Portrait of Discontent

January 24, 2021
Andras Malatinszky

The CFPB's year of discontent? Mortgage-related complaints declined 7.9% from the third to the fourth quarter but increased 9.2% overall in 2020.


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Agency MSR Transfers Spike. Chief Reason: Freedom’s Acquisition of RoundPoint

January 24, 2021

Total MSR transfers – including bulk deals and coissuance transactions – more than doubled from the third quarter, hitting $188.11 billion. However...


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In 4Q, Banks Didn’t Exactly Rise to the Mortgage Occasion

January 21, 2021
Paul Muolo
The nation’s top six depositories funded a combined $139.3 billion of mortgages in the fourth quarter of 2020, down both sequentially and on an annual basis.
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White House Names Interim CFPB Director: Uejio

January 21, 2021
Lisa Burden

Uejio first started at the bureau in 2012. He has held several positions with the agency, including lead for talent acquisition.


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Mortgage Production Cools Off at Flagstar in 4Q20

January 21, 2021
Brandon Ivey

Flagstar's production and profit margins declined in the fourth quarter, though the bank increased MSR sales and warehouse lending...


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Short Takes: Coming (Sort of) Soon: A 30% Market Share for Loan Brokers? / Still Hiring / Another Milestone for Broker Employment / FHFA Stays Busy

January 20, 2021
Paul Muolo and Dennis Hollier

According to figures compiled by the U.S. Bureau of Labor Statistics, loan brokerage firms now employ 109,800 full-timers...


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Mortgage Lending, Profits Fall at U.S. Bank

January 20, 2021
Paul Muolo

Mortgage banking earnings fell to $478 million at the Minneapolis-based bank from $543 million in the third quarter...


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