Banks' Mortgage Servicing for Others Falls August 30, 2024 Brandon Ivey Banks are pulling back on mortgage servicing for others, according to a recent Inside Mortgage Trends report.Read More
UI Fellows Call for FSOC Action on Nonbank Mortgage Shops August 28, 2024 Paul Muolo UI wants government regulators to adopt such ideas as allowing nonbanks to join the FHLB system.Read More
For Sale: $1B-Plus of GSE MSRs August 27, 2024 Paul Muolo The servicing sales market has slowed noticeably the past few months.Read More
CFPB Fines Fay Servicing, Threatens to Cap CEO’s Pay August 22, 2024 Shannon Clark The company has been hit with $5 million in fines and redress, and must change its practices to be compliant with the CFPB's orders or face additional consequences.Read More
Short Takes: Delinquencies Increase in Houston Following Hurricane / HELOC Delinquencies / Housing Inventory Limited / PIMCO’s Latest Non-QM MBS August 22, 2024 Brandon Ivey Hurricane Beryl prompted an estimated 10,000 new delinquencies in the Houston area in July, according to ICE.Read More
Jumbo Servicing Portfolios Level in 2Q August 21, 2024 James Dohnert Chase remained the top servicer in the group, handling $326.90 billion of jumbos as of the end of June.Read More
Short Takes: Low Home Sales, Gradual Price Increases / Wells to Sell Part of Commercial Servicing Business / Forbearance Levels Increase / Better’s Stock Split August 20, 2024 Brandon Ivey Home prices increased by 0.2% on a monthly basis in July, according to Redfin.Read More
Usually an MSR Buyer, Freedom Decides to Sell a Little August 19, 2024 Paul Muolo Servicing transfer figures compiled by Inside Mortgage Trends show that last year Freedom purchased roughly $44.3 billion of bulk MSRs...Read More
More MSR Deals on the Horizon? August 19, 2024 Paul Muolo The MSRs include loans from Kentucky, Georgia and 22 other states...Read More
Early-Stage Delinquencies Up; Serious Delinquencies at 40-Year Low August 16, 2024 Brandon Ivey The seriously delinquent rate fell to 1.01% at the end of June.Read More