Production and Servicing Profits Take a Hit in 2Q August 31, 2022 Namrata Bhatia The reason for the weak quarter: plunging originations and stiff competition...Read More
Bank MSR Values the Highest Since 4Q 2005 August 30, 2022 Namrata Bhatia At June 30, banks assigned a market value of $47.72 billion to their MSRs, up 8.8% from March...Read More
As Summer Winds Down, Three MSR Portfolios Hit the Circuit August 30, 2022 Paul Muolo The Prestwick Group is selling $598 million of Fannie/Freddie product...Read More
Subservicing Growth Faces Headwinds August 29, 2022 Paul Muolo At June 30, subservicing vendors handled the monthly processing chores on 31.5% of all residential mortgages...Read More
While Servicing Sales Boom, Portfolio Transfer Times Slip August 26, 2022 Paul Muolo It seems as though the review pipeline is getting backed up because deal volume has been so heavy...Read More
Smaller MBs Affected the Most by Servicer Eligibility Rules August 25, 2022 Dennis Hollier One analyst believes the rule change has already contributed to further widening of spreads for Ginnie securities over Treasuries.Read More
Rising Steadily in 2Q22: Jumbo Servicing Balances August 24, 2022 Brandon Ivey Among the top 10 jumbo servicers, the largest growth was recorded at Flagstar Bank and NewRez/Shellpoint.Read More
Equifax Credit Score Snafu May Have Had Wider Impact August 22, 2022 Dennis Hollier Fannie Mae said it’s still working with Freddie and the FHFA to “assess the impact" of the incident...Read More
The Purchase Price for a Four-Year-Old MSR Analytics Firm: $101 Million August 19, 2022 Paul Muolo The purchase price includes $30 million in cash...Read More
Cenlar Beefs Up Its Default Team...to Please the OCC? August 19, 2022 Among those who have joined Cenlar is Adam Saab from CitiMortgage and Adam Wood, who worked at Mr. Cooper...Read More
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