Short Takes: Large Package of MSRs on Offer / Home Equity Declines / Homeowners Still Locked In / Tepid Home Tour Activity February 1, 2024 Brandon Ivey Incenter is marketing a sale of GSE MSRs with a total unpaid principal balance of $15.06 billion.Read More
Large GSE Servicers Gain Share in Fourth Quarter January 31, 2024 Dennis Hollier The GSE servicing share among large independent mortgage banks went from 36.6% at the end of September 2023 to 36.9% at year-end.Read More
Mortgage Margins Plummet at NYCB in Fourth Quarter January 31, 2024 Brandon Ivey The bank's gain-on-sale margin fell from 59 basis points in the third quarter of 2023 to 32 bps in the fourth quarter.Read More
Mortgage-Related Complaints to CFPB Decline Slightly January 30, 2024 Andras Malatinszky Mortgage borrowers filed only 2.4% fewer complaints last year than in 2022.Read More
REIT Will Enter the Origination Market. However… January 30, 2024 Paul Muolo The production chief Two Harbors hired was not identified by name...Read More
Mortgage Companies Advised to Run Phishing Drills January 30, 2024 James Dohnert “If you look at some of the big names, the common thread is always a phishing email that someone clicked on,” said Freddy Feliz, chief information officer and vice president of information technology at the Mortgage Bankers Association.Read More
Short Takes: loanDepot Waives Late Fees / Slow, Steady HPA / Profit for Dynex in 4Q / MI Benefits Workgroup January 30, 2024 Brandon Ivey loanDepot won't assess late fees for its servicing customers for January payments until after the end of the month.Read More
A ‘Preliminary’ Profit for Mr. Cooper, MSRs Sized at $992B January 29, 2024 Paul Muolo In trading Monday, Mr. Cooper's common neared a new 52-week high...Read More
The Walton-Controlled Arvest Offers $9.4B in MSRs January 29, 2024 Paul Muolo A bank spokeswoman noted that Arvest only sells "purchased" mortgage servicing rights...Read More
Margins, Originations Decline at Western Alliance January 26, 2024 Brandon Ivey Western Alliance’s gain-on-sale margin declined from 38 basis points in the third quarter to 30 bps in the fourth quarter.Read More