Servicing Issues Increase in Mortgage Complaints to CFPB October 24, 2024 Shannon Clark Mortgage-related complaints submitted to the CFPB were up 2.7% from the second quarter, driven by servicing issues.Read More
Annaly Returns to Profitability in Third Quarter October 24, 2024 Brandon Ivey Annaly says it increased its holdings of agency MBS with higher coupons during the third quarter.Read More
Short Takes: Mr. Cooper Growing and Shrinking / State Regulators Urge Mortgage Industry to Log In / Home Sales ‘Stuck’ / Expanded-Credit MBS From A&D October 24, 2024 Brandon Ivey Mr. Cooper group has reduced its servicing staff and is adding to its originations unit.Read More
Strong 3Q Originations From PFSI... But MSRs Values Nicked October 23, 2024 Paul Muolo PennyMac funded $31.7 billion of residential loans during the July-September corridor, a handsome 17% improvement...Read More
Short Takes: FHFA Proposes Changes to FHLBanks Board Structure / Justice Department Sues Rocket / Redwood Preps Jumbo ARM Securitization / LoanCare Launches New Refi Recapture Program October 22, 2024 James Dohnert and Dennis Hollier FHFA plans for board structure changes; Justice Department sues Rocket over refi discrimination; Redwood markets jumbo ARM securitization; LoanCare launches digital recapture product.Read More
Servicing Transfers (Sales) Continued to Slow in 3Q24 October 21, 2024 John Bancroft One busy seller of mortgage servicing rights was CMG Mortgage of San Ramon, CA...Read More
There Goes the Mini Refi Boom? October 21, 2024 Paul Muolo Sales of MSRs have been slow, but some owners of MSRs could decide to unload a portion of their holdings...Read More
Western Alliance Boosts Originations in 3Q, Revenue Down October 18, 2024 Brandon Ivey While production increased, mortgage-banking revenue at Western Alliance declined by 31.0%.Read More
Short Takes: Update on Mr. Cooper’s Acquisition of Flagstar Assets / Home Sales Slow in CA / Interest Rates Up Again / FHLBanks Boost Affordable Housing Contributions October 18, 2024 Brandon Ivey Flagstar is on track to sell its mortgage servicing business and third-party origination business to Mr. Cooper Group during the fourth quarter.Read More
Ginnie Eyes Resources to Support Loan-Level Issuance October 16, 2024 Monica Hogan Ginnie Mae Acting President Sam Valverde said loan-level securitization could help liquidity.Read More
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