Agency MSR Transfers Decline Slightly in 2024 January 22, 2025 John Bancroft Mr. Cooper Group ended the year as the top bulk buyer with $175.93 billion in acquisitions.Read More
Middleman Expects Ups and Downs Under Trump January 22, 2025 Brandon Ivey Interest rates will be pushed and pulled by Trump policies, according to Stan Middleman, president of Freedom Mortgage.Read More
State Regulators Plan Continued Focus on Nonbank Servicers January 22, 2025 Shannon Clark Conference of State Bank Supervisors CEO Brandon Milhorn provided a look at state regulators' priorities.Read More
WaFd Bank Stops Originating Mortgages, Citing Several Factors January 21, 2025 Brandon Ivey The bank anticipates annual expense savings of $17 million from the move.Read More
Short Takes: One Last Mortgage Enforcement Action From Chopra’s CFPB / Big Banks Offer Relief in CA / Escrow Confusion / Mortgage-Related Income Down at DR Horton January 21, 2025 Brandon Ivey Draper & Kramer will be prohibited from residential mortgage lending activities for five years, though the CFPB noted that Draper & Kramer wound down its operations last year.Read More
More Agency Servicing Shifts to Ginnie, Nonbanks January 17, 2025 John Bancroft Lakeview Loan Servicing remained the top agency servicer, with a $732.56 billion portfolio.Read More
Trump Nominates Bill Pulte for FHFA Director January 17, 2025 Dennis Hollier The president-elect said Bill Pulte will help “restore the American Dream for all.”Read More
Turner Looking to Address Housing Supply at HUD January 17, 2025 Monica Hogan Turner looks likely to easily be confirmed to run HUD, based on his reception by the Senate Committee on Banking, Housing and Urban Affairs.Read More
Short Takes: GSE Bi-Merge Transition Delayed / FHA Updates Loss-Mitigation Waterfall / Updated Damage Estimates for CA Wildfires / A&D to Acquire Flagstar’s Wholesale Business via Mr. Cooper January 17, 2025 Brandon Ivey The GSEs didn't provide a revised timeline for implementing bi-merge credit score policies.Read More
Originations Decline at U.S. Bank, Revenue Takes Hit January 16, 2025 Brandon Ivey Mortgage-banking revenue was off due to lower originations and hedges tied to MSRs.Read More