Mortgage Complaints Filed with the CFPB Up in Every Category May 14, 2021 Lisa Burden Presumably, the pandemic has fueled the increase in gripes...Read More
GSE MSRs Slated for Sale by Prestwick and MCT May 12, 2021 Paul Muolo The seller of the MSRs is an independent mortgage banker... Read More
PennyMac Taps Structured Finance Vehicle to Lever MSRs May 12, 2021 As one company official explained, “This gets us off the bank balance sheet.”Read More
UWM Reports Origination, Earnings Decline for 1Q; Says It Can Be No. 1 May 10, 2021 Paul Muolo Despite the strong earnings, UWM's share price fell to a new low. The company went public earlier this year...Read More
Income and Originations Decline at PennyMac in First Quarter May 7, 2021 Brandon Ivey PennyMac's income fell by 17% on a sequential basis in the first quarter, originations declined by 3.5% while the nonbank's servicing portfolio grew by 5.2%.Read More
The M&A Train Has Arrived. How Far Will It Go? May 7, 2021 Paul Muolo Among those looking to buy: private-equity firms...Read More
A Sharp (and Welcome) Decline in Ginnie Delinquencies May 7, 2021 John Bancroft Late payment rates peaked in June at 11.82% as borrowers struggled with the impact of the pandemic on economic activity.Read More
Slow Growth in the Servicing Arena, Wells Stills Leads the Pack May 6, 2021 John Bancroft Wells Fargo once again ranked first, followed by Cenlar, JPMorgan Chase, Mr. Cooper and Quicken Loans...Read More
New Residential’s Income Jumps in 1Q, Aided by MSR Marks May 5, 2021 Brandon Ivey In early April, New Residential agreed to buy competitor Caliber Home Loans for roughly $1.68 billion. Read More
CFPB: Minorities Slammed by Forbearance May 4, 2021 Lisa Burden Mortgage complaints mentioning forbearance have reached their highest monthly average since March and April 2020...Read More
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