Still No Word on When the OCC Might Lift Cenlar's Sanctions August 12, 2024 Cenlar is still the nation’s largest subservicer by a considerable margin...Read More
Guild Reduces Losses From Originations in 2Q August 9, 2024 Brandon Ivey The nonbank’s origination unit took a $3.1 million loss in the second quarter after a $24.2 million loss the previous quarter.Read More
Short Takes: Steady Losses at Blend / FHA Extends Disaster Program in Maui / Income Drops at Cherry Hill / Correction on Ready Capital’s MSR Sale August 9, 2024 Brandon Ivey Blend Labs took a $19.4 million loss in the second quarter.Read More
Bulk Sales of Ginnie MSRs Jump in Second Quarter August 8, 2024 Brandon Ivey Some $63.39 billion of MSR on Ginnie MBS were transferred in the second quarter of 2024, up from $24.22 billion in the prior period.Read More
Short Takes: Ready Capital Sells MSRs / Zillow Emphasizes its Mortgage Lender / Goldman Brings Prime Non-Agency MBS / MCT Receives Patent August 8, 2024 Brandon Ivey Ready Capital sold the MSRs as part of an effort to exit investments in the residential market to put a greater emphasis on commercial loans.Read More
Liquidations From Ginnie MBS Increase in 2Q August 7, 2024 Brandon Ivey Halfway through 2024, Lakeview/Bayview Loan Servicing was the leader in removals from Ginnie MBS, with $11.33 billion.Read More
loanDepot Sells MSRs in 2Q, Posts a Loss August 7, 2024 Paul Muolo To help ease its financial pain, loanDepot sold some MSRs during the second quarter.Read More
CFPB Supports Borrowers’ Position in Servicing Lawsuit August 7, 2024 Shannon Clark The bureau's amicus brief argues that the plaintiffs have the right to sue Nationstar for violations of the Fair Debt Collection Practices Act.Read More
Short Takes: UWM’s Haul From MSR Sales / GSEs, FHA Extend ROV Compliance Date / Refi Applications Jump / Neuberger Berman Back as MBS Issuer / Correction on UWM’s Market Share Goal August 7, 2024 Brandon Ivey UWM took in net proceeds of $2.4 billion from MSR sales in the first half of 2024.Read More
UWM Unloads More MSRs; Income Declines in 2Q August 6, 2024 Brandon Ivey The nonbank looks to have sold more MSRs during the second quarter.Read More
RSS