SCOTUS Escrow Case About More Than Escrows January 17, 2024 Brandon Ivey The case will determine the extent to which federal regulators can preempt state laws.Read More
Wells Touts Progress Reducing Mortgage Footprint January 16, 2024 Brandon Ivey Wells Fargo reduced the employee count in its home lending division by 36% on an annual basis in 2023.Read More
Lakeview/Bayview Climbs to Top of Agency Servicers January 12, 2024 John Bancroft Lakeview handled $644.49 billion in agency servicing as of the end of 2023.Read More
loanDepot Inks Large Repo Deal Backed by MSRs January 12, 2024 Paul Muolo The $500 million repo line, with Goldman Sachs acting as administrative agent and one of the lenders, replaces an earlier repo facility.Read More
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