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Shellpoint Leads the Pack of Non-Agency MBS Servicers

July 28, 2020
Brandon Ivey

While most non-agency MBS servicers specialize in handling either prime mortgages or expanded-credit loans, Shellpoint services large volumes of both loan types.


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Rocket IPO ‘Roadshow’ Commences. Public Offering Valued at Upwards of $3.3 Billion

July 28, 2020
Paul Muolo

The “virtual” roadshow started Friday, with meetings running through Wednesday afternoon, when final pricing is expected.


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Flagstar Turns a Strong Profit on Mortgage Lending in 2Q20

July 28, 2020
Brandon Ivey

Flagstar posted a whopping gain-on-sale margin of 219 basis points compared to 80 bps in 1Q20...


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Another Decline in the Forbearance Reading but Ginnie and PLS Loans Increase

July 27, 2020
Paul Muolo

MBA believes that as a result of large buyouts of FHA and VA loans by banks from Ginnie Mae pools, these mortgages are now listed as portfolio loans...


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MSR Auctions Begin A Revival? IMA Unveils a $6 Billion Offering

July 27, 2020
Paul Muolo

The seller is described as a “well-capitalized, independent mortgage banking entity managed by industry veterans.”


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Short Takes: About Those Million-Dollar Earners / Hear It and Then Cut It in Half / Rates? / BKFS on Forbearance / CHLA Addresses GSE Capital / A Promotion at Waterstone Mortgage

July 24, 2020
Paul Muolo and Dennis Hollier

Higher mortgage rates in six months? No one sees it...


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Are the Non-Agency COVID-19 Forbearance Numbers Reliable?

July 24, 2020
Brandon Ivey

In general, the nature of the non-agency market makes it difficult to standardize practices across the industry, let alone in individual MBS.


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CFPB Settles With Foreclosure Relief Firm for $3M

July 24, 2020
Yemeng Yang

The CFPB said Certified Forensic Loan Auditors charged each customer $1,495 upfront prior to providing any services.


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Dems Worry About OCC’s COVID-19 Preemption

July 23, 2020
Yemeng Yang

The OCC last month issued several bulletins on federal preemption, including one on states’ foreclosure moratoria...


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Court Rules in Favor of RoundPoint, Allows M&A Lawsuit Against Freedom to Proceed

July 23, 2020
Paul Muolo

Freedom's proposed acquisition of RoundPoint Mortgage has turned into a legal mess...


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