Short Takes: Frustrations Mount for loanDepot Borrowers / Refi Share Grows / Fannie RPL Sale / Servicing Exams Complex / Publishing Break January 12, 2024 Brandon Ivey loanDepot's borrowers are facing difficulties making mortgage payments...Read More
Supreme Court Decision Could Impact Escrow Practices January 11, 2024 Brandon Ivey The case centers on whether national banks have to follow state laws on interest payments for funds held in escrow accounts.Read More
Short Takes: Mixed Trends in Foreclosures / Good Quarter for Homebuilder’s Lender / Insight on Combined LTV Ratios / Radian Invests in FinLocker January 11, 2024 Brandon Ivey Foreclosure activity looks to be returning to more traditional patterns following pandemic volatility.Read More
Bank Regulators Plan Mortgage Adjustments to Capital Proposal January 10, 2024 Brandon Ivey Trade groups representing mortgage lenders have raised grave concerns about proposed changes to capital requirements for large banks.Read More
Banking Veteran Gets President’s Job at Mr. Cooper January 10, 2024 Paul Muolo Mr. Cooper ranks sixth in MSR ownership...Read More
Short Takes: New Top Issuer of Non-Agency MBS / Choppy Application Trends / Home Price Projections / MSR Offering January 10, 2024 Brandon Ivey and Paul Muolo JPMorgan Chase is no longer the largest issuer of non-agency MBS.Read More
loanDepot Pulls Systems Offline Amid Cyber Incident January 8, 2024 Brandon Ivey loanDepot's servicing customers faced difficulties making mortgage payments over the weekend...Read More
Sizing Up MSR Buyers Early in the Year January 8, 2024 Paul Muolo In general, JPM’s modus operandi is to take down large-sized portfolios north of $10 billion...Read More
Ginnie Grapples With RMF’s Reverse Mortgage Portfolio January 5, 2024 Paul Muolo It stands to reason that Ginnie would want to sell the HECMs it seized from Reverse Mortgage Funding.Read More
Lenders Urged to Make First-Time Homeownership Sustainable January 5, 2024 Monica Hogan The first five years of homeownership are often the most challenging financially for first-time buyers.Read More
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