Short Takes: Senators Call for VA to Adjust Loss Mit / SPS Update / Guaranteed Rate Offers Program for Real Estate Agents / Another Jumbo MBS From Chase November 16, 2023 Sam Manas The senators said VA should pause foreclosures for borrowers who will likely qualify for the Veterans Assistance Servicing Purchase program.Read More
Losses on Production Nearly Double in Third Quarter November 15, 2023 Brandon Ivey A turnaround is unlikely until the second quarter of 2024, according to Marina Walsh, a vice president of industry analysis at the MBA.Read More
MSR Sales Expected to Increase; Plenty of Buyers November 10, 2023 Brandon Ivey Lenders hurting for cash are expected to sell off MSRs and there are numerous buyers for the product.Read More
Shellpoint Remains Top Non-Agency MBS Servicer November 9, 2023 James Dohnert Shellpoint topped the ranking for the fourth consecutive quarter....Read More
Guild Stays Profitable in 3Q November 9, 2023 James Dohnert A gain-on-sale increase helped Guild boost its earning compared to the second quarter.Read More
Earnings Improve at UWM, Aided by MSRs November 8, 2023 Paul Muolo UWM transferred $14.7 billion of servicing rights in the third quarter.Read More
loanDepot Working to Cut More Costs Amid Losses November 8, 2023 Paul Muolo The nonbank is working on another round of cost-cutting measures.Read More
Earnings Decline for Ocwen, Growth Plans Ensue November 7, 2023 Paul Muolo Ocwen management estimates its book value is $58.00 per share.Read More
Short Takes: Banks See Weak Demand, Tighten Underwriting / FHA Extends Waiver on Face-to-Face / MFA Takes Loss / HELOC Securitization November 7, 2023 Brandon Ivey Demand for mortgages from banks declined in the third quarter and many banks further tightened underwriting.Read More
Large Servicers Gain Market Share in Third Quarter November 3, 2023 John Bancroft The combined servicing portfolio of the top 50 servicers grew at more than double the rate of increase for total servicing outstanding in the third quarter.Read More
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