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Short Takes: The $40B A Month Habit Will Continue / Inflation? Ha! / CFPB Makes Announcement, Trouble Ahead for VA Lenders? / A New Correspondent Chief for GHMC

June 17, 2021
Lisa Burden and Paul Muolo
No Fed rate hikes until 2023? Sure, why not...
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Loan Repurchases Spike Higher in Bank Mortgage Bank Units

June 16, 2021
John Bancroft
Most of the jump in bank repurchases in early 2021 came from USAA Federal Saving Bank...
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As a Profit Center, Servicing Turns a Corner as Production Profits Recede

June 15, 2021
John Bancroft
Much of the improvement came from three large nonbank servicers: Rocket Companies, Mr. Cooper Group and New Residential Investment...
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The Mortgage Employment Bonanza Continues. Signs of Easing? Nope

June 11, 2021
Paul Muolo
Need more workers to staff your shop? You're not alone...
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Student Loan Refis: A Market Residential Lenders Should Tap?

June 11, 2021
Paul Muolo
In an interview with Inside Mortgage Finance, CampusDoor Chief Executive Officer Steve Winnie declined to say exactly what the new rate might be, but offered up this ray of hope: “We’ll be competitive.”
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A Different Kind of M&A: Regions Strikes Deal to Buy HIL Firm

June 8, 2021
Paul Muolo
EnerBank — a subsidiary of CMS Energy — has funded $11.6 billion in home improvement projects since 2002 and currently boasts loan balances of $2.8 billion.
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VA Issues Final COVID-19 Partial Claim Program Rule

June 8, 2021
Maria Volkova
The final rule, which has been in the making for months, looks drastically different than the proposal first announced in December.
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Credit Bureaus Deflect Blame for Surge in Consumer Complaints

June 8, 2021
Lisa Burden
Anxious consumers were checking their credit reports often during the pandemic, affecting the tally...
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Bank Selling $5.4 Billion of MSRs Through Phoenix Capital

June 7, 2021
Paul Muolo
The Fannie Mae/Freddie Mac portfolio is collateralized by 30- and 15-year product, with weighted average coupons of 3.19% and 2.80%...
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CFPB to Probe Forbearance Discrimination. Trouble Ahead for Servicers?

June 4, 2021
Paul Muolo
Acting Director Uejio: "For example, women- and minority-owned small businesses faced more severe economic consequences than their White counterparts, and Black and Hispanic homeowners were less likely to receive mortgage relief and forbearance.”
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Latest Imf News

  • Ginnie Servicing Up in 3Q, Nonbanks Take More Share

  • First Horizon Selling $4.5 Billion of Mortgages at 10% Discount

  • Ginnie Making Improvements to its Tech Systems

  • M&T Bank Sees Boost in Mortgage Revenue From Subservicing

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Featured Data

  • Seller Repurchases of GSE Loans Bounce Up in 2Q

  • Retail Share Rising in Conventional-Conforming

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  • ARM Production Rebounds

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