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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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The Winners of Quicken’s $25B MSR Portfolio: Ocwen and Freedom

January 20, 2021
Paul Muolo

Also, Guaranteed Rate peeled off a $13 billion chunk of receivables...


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GNMA PTAP Program Headed for the Sunset

January 19, 2021
Maria Volkova

To the surprise of some, the program wasn’t heavily used by nonbank MBS issuers...


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Biden’s Pick for the CFPB Job: Chopra. Tougher Enforcement Ahead?

January 18, 2021
Lisa Burden

If approved by the Senate he would replace Kathy Kraninger, a business-friendly Trump-appointed official who has led the agency since 2018.


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Is Wall Street Running Out of (Nonbank) Mortgage IPO Candidates?

January 15, 2021
Paul Muolo

What about Movement Mortgage as an IPO candidate?


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4Q Results Begin: Wells Slides in Mortgages, JPM Gains…

January 15, 2021
Paul Muolo

Wells Fargo: “Home lending revenue [was] down 21% from 3Q20 on lower servicing income and MSR valuation adjustments reflecting higher prepayment.”


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Nonbank (Agency) MSR Market Share Hits a Record 56%

January 13, 2021
John Bancroft

Depository institutions saw their combined agency servicing shrink 2.5% from the third to the fourth quarter, squeezing their share of the market to 42.2%.


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