FHA Proposes Some Relief for HECM Servicers April 5, 2023 Monica Hogan FHA is taking feedback through April 11 on a new draft mortgagee letter proposing policy changes to its home equity conversion mortgage program.Read More
Income from Originations, Servicing Drops in Fourth Quarter April 4, 2023 John Bancroft Both originations and servicing were a lot less profitable in the fourth quarter of 2022.Read More
Dimon Critical of Mortgage Regulations for Banks April 4, 2023 Brandon Ivey Chase is "hanging on" and hoping for change in the mortgage market, according to Jamie Dimon.Read More
Suggestion for FHLBanks: Fund Nonbanks Indirectly April 4, 2023 Dennis Hollier The Federal Home Loan Banks could help support nonbank mortgage companies by funding the warehouse lenders that fund nonbanks.Read More
Fix-and-Flip Lender Grows Portfolio by Almost 40% March 31, 2023 Paul Muolo Sachem’s loans range in size from $2,600 to $27.3 million. Wells Fargo is one of its financiers...Read More
GSEs to Expand Use of Payment Deferrals March 30, 2023 Dennis Hollier The pandemic-era tool will now become a standard part of the GSEs' loss-mitigation strategy.Read More
Short Takes: More from CFPB on LEP / Garris Horn Adds Attorneys / MISMO Tech for Servicing Transfers March 30, 2023 Sam Manas and Brandon Ivey
CFPB Asking Questions About ‘Capital Liquidity Resilience’ of Servicers March 29, 2023 Sam Manas The CFPB is working with the FHFA and state regulators to make sure nonbank servicers are resilient...Read More
A Buying Opportunity in MSRs? March 24, 2023 Paul Muolo Earlier in the week, every deal in the pipeline was on hold, said one advisor...Read More
Nation’s Largest Non-Agency Servicer ‘Still Available’ March 23, 2023 Paul Muolo SPS is the nation’s largest servicer of nonprime mortgage assets. It also happens to be an orphan. The company is owned by Credit Suisse, whose new owner, UBS, isn’t likely to keep it.Read More
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