In 1Q22, Nonbanks Once Again Tightened Their Grip on the MSR Market May 5, 2022 John Bancroft The nonbank share of the top 50 servicing owners edged up from 53.0% in the fourth quarter to 53.4% in early 2022.Read More
ICE Agrees to Purchase Black Knight for $13.1 Billion May 5, 2022 Monica Hogan The sale is expected to close in early 2023.Read More
Two Lenders (REITs Both) Find Safe Harbor in the Earnings Storm May 5, 2022 Brandon Ivey NRZ's Michael Nierenberg didn't whitewash it: “We are in a horrible market for mortgage originations.”Read More
New Residential Outshines Mr. Cooper on MSR Markup: $845 Million May 3, 2022 Paul Muolo As most any mortgage banker knows, when rates rise — as they have this year (and rapidly) — servicing rights increase in value.Read More
Ginnie Delinquencies Decline in 1Q22 May 3, 2022 Monica Hogan Late payments on FHA loans narrowed by 78 basis points from the fourth quarter of 2021...Read More
Servicers Raise Concerns Over GSE Eligibility Requirements May 2, 2022 Dennis Hollier MBA criticized FHFA’s plan to impose a 2% liquidity requirement on servicers’ hedging position in the TBA market...Read More
Another Robust Week for Mortgage Servicing Sales April 29, 2022 Paul Muolo MSR prices remain strong and could move even higher, some investment bankers predict...Read More
Blow-out Earnings for Mr. Cooper. Reason: Huge MSR Gains April 29, 2022 Paul Muolo And let us now praise MSRs...Read More
Buyouts from Ginnie MBS Revert Back to Pre-Pandemic Levels April 29, 2022 Brandon Ivey Another factor: the drop in repurchases appears to be driven by improvements in delinquency rates.Read More
A Nice First Quarter Profit for Ocwen, Thanks to MSRs April 28, 2022 Brandon Ivey Despite the good news on MSR valuations, Ocwen is getting squeezed on originations, just like every other mortgage banker.Read More
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