Short Takes: ‘Mild’ Recession Expected / Waiting for Lower Rates / Few Loans in Forbearance September 19, 2023 Brandon Ivey Soft landing or mild recession...Read More
Steady but Slow Growth for the Nation's Subservicers September 18, 2023 Paul Muolo Sweeping M&A activity was expected in the subservicing sector...Read More
PennyMac (the REIT) Moves to Sell Debt September 18, 2023 Paul Muolo As for how much cash the REIT might raise and at what interest rate, that’s unknown at the moment.Read More
Nonprime Servicing Portfolios Increase in Second Quarter September 15, 2023 James Dohnert Select Portfolio Servicing was far and away the largest servicer of nonprime mortgages in the second quarter.Read More
Startup Looks to Match Homebuyers With Assumable Mortgages September 14, 2023 Brandon Ivey Tim Mayopoulos, a former CEO of Fannie Mae, is advising Roam.Read More
MBA’s Profits Increase in Fiscal Year 2022 September 12, 2023 Paul Muolo The MBA generated a profit of $11.4 million for the fiscal year ending Sept. 30, 2022, up from $976,186 in income in FY 2021.Read More
Short Takes: Chopra Concerned About CFPB’s Future / MSRs for Sale / AI Summit / PacWest’s CRT Upgraded September 12, 2023 Brandon Ivey and Paul Muolo Uncertainty for the CFPB and the mortgage industry ahead of a Supreme Court case...Read More
VA Won’t Re-Open Formal Comment Process on Servicing Effort September 11, 2023 Monica Hogan The VA said the program was being developed within its existing regulatory authority, which means the Administrative Procedures Act would not apply.Read More
Banks Increase Mortgage Income in Second Quarter September 7, 2023 Namrata Bhatia Commercial banks and savings institutions generated $2.00 billion in mortgage-banking income in the second quarter, up 8.7% from the prior period.Read More
Servicing Earnings Jump in Second Quarter September 5, 2023 John Bancroft Among a group of public mortgage companies income from servicing soared from $397.5 million in the first quarter to $1.87 billion in the second.Read More
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