Originations Fall at U.S. Bank but an Increase in MB Revenue January 25, 2023 Paul Muolo USB’s servicing portfolio grew to $243.6 billion at yearend...Read More
CFPB Stresses the Need to Keep Borrowers in Their Homes January 25, 2023 Sam Manas The bureau expects servicers to keep using “all the tools" at their disposal...Read More
In 4Q22, loanDepot and UWM Were Busy ‘Transferring’ MSRs January 24, 2023 Paul Muolo and John Bancroft For all of 2022, UWM transferred $98.8 billion of bulk MSRs, more than any other nonbank.Read More
Agency Delinquencies Begin to Head North January 24, 2023 Brandon Ivey Much of the increase in the fourth quarter was tied to newly-delinquent loans...Read More
The Final Tally: A Stunning $1.1 Trillion of MSRs Changed Hands Last Year January 23, 2023 John Bancroft The star of the show was the bulk market, where $920.9 billion of agency MSRs transferred...Read More
Large Banks Show Gains on GSE Servicing January 23, 2023 Dennis Hollier Much of the shift in 4Q22 occurred at large banks...Read More
MSR Deal Chatter: Lots of Smoke, No Fire... January 20, 2023 Paul Muolo An offering memorandum on a Wells package? No one has admitted to seeing one...Read More
Rocket CFO Warns Against Reliance on MSR Sales January 19, 2023 Brandon Ivey The CFO noted that Rocket sells some of its MSRs, but it’s mostly servicing on loans originated through brokers...Read More
Out for Bid: $10B of Conventional MSRs January 18, 2023 Paul Muolo The selling company is described as a “well-established, highly reputable” nonbank...Read More
Non-QM Performance Skids For a Third Straight Month January 18, 2023 Brandon Ivey Total impairments on securitized non-QMs reached 4.2% in November...Read More
RSS