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Heading South: Mortgage Forbearance Readings

November 16, 2020
Paul Muolo

On Friday, Black Knight Financial released its forbearance tally, finding a 121,000 unit decline for the seven-day period ending Nov. 13.


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In SPACs We Trust? Maybe Not

November 16, 2020
Paul Muolo

Wedbush Securities: “While there are many advantages to the SPAC route for both investors and issuers, it has also been an area that has produced disappointing results for some investors in recent months.”


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The FHA MMIF Sees Its Capital Ratio Jump to 6.10%

November 13, 2020
Paul Muolo

But looming delinquencies are definitely a concern...


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Nation’s Largest Servicer (Wells) Inks Forbearance Agreement

November 13, 2020
Brandon Ivey

“In many cases, Wells stopped accepting electronic mortgage payments after it placed homeowners into the unwanted forbearance, causing those who were current on their loans to become delinquent without their knowledge and through no fault of their own,” said Kellett & Bartholow.


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A Second Look at Rocket’s Earnings: Better Than Freddie, Gaining on Fannie

November 12, 2020
Paul Muolo

Quicken is an active and major player in the Ginnie Mae EBO game as well...


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Mortgage Complaints Filed with the CFPB Begin to Pile Up

November 11, 2020
Yemeng Yang

Gripes about mortgage applications hit a historical high, jumping 29.9% sequentially to 1,609 in 3Q20. The nine-month reading registered a stunning 124.6% spike year-over-year.


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(Not) Surprise: loanDepot Headed to the IPO Party

November 11, 2020
Paul Muolo

loandepot’s chief backer, dating back to 2010, is private equity firm Parthenon Capital Partners.


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Another Blowout Earnings Quarter for Rocket, Company Unveils $1B Stock Buyback Initiative

November 10, 2020
Paul Muolo

Bottom line: Originations increase nicely, but GOS declines...


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Who Will be the Next CFPB Director? Rep. Porter?

November 10, 2020
Yemeng Yang

Before she ran for Congress, Porter taught consumer bankruptcy and mortgage foreclosure law at the University of California...


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Once Again, the Forbearance Count Falls; Problems Reported with Reaching Borrowers…

November 9, 2020
Paul Muolo

On Friday, Black Knight Financial released its forbearance tally, saying the measurement declined 137,000 units for the seven-day period ending Nov. 3. Roughly 2.9 million mortgagors are in some type of COVID-related relief program or 5.45% of those with a first lien...


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