Home Point Bolsters Weak 4Q Earnings With MSR Sales; Revenue and GOS Hit February 24, 2022 Paul Muolo The nonbank sold $13.1 billion of Ginnie Mae MSRs into a red hot servicing market...Read More
In a Few Weeks, GSE Nonbank Eligibility Requirements? February 22, 2022 Paul Muolo BTIG predicts the FHFA’s proposal likely will dovetail with many of the prudential requirements for nonbanks finalized by the CSBS...Read More
Ginnie EBOs Start to Lose Their Luster? February 22, 2022 Paul Muolo Mr. Cooper CEO Jay Bray: “With forbearance programs winding down, the EBO opportunity is rapidly diminishing.”Read More
Southeast-Based Nonbank Selling GSE MSRs February 18, 2022 Paul Muolo The three states leading in the collateral count: North Carolina, Texas and California. Bids are due Feb. 24.Read More
Another Day, Another MSR Offering… February 17, 2022 Paul Muolo Roughly 85% of the loans are 30-year FRMs...Read More
Late Payments Decline but Serious Delinquencies are Elevated February 15, 2022 Brandon Ivey Black Knight: "The decline in serious delinquencies has been slower than might be expected given the large number of borrowers who have exited forbearance"...Read More
Another Streamlining Move for Home Point: Nonbank Will Outsource Servicing Function February 14, 2022 Paul Muolo The third-party vendor, ServiceMac, ranks ninth among all subservicers, according to figures compiled by Inside Mortgage Finance.Read More
New Capital Requirements Expected for Nonbank Servicers February 14, 2022 Dennis Hollier Others, however, believe the regulator won't act until the Senate confirms a permanent director for the agency.Read More
An Earnings Drop for Mr. Cooper but Stock Spikes on Sagent News February 11, 2022 Brandon Ivey At midday, Mr. Cooper's shares were up 16%...Read More
Servicing Sales? Off the Charts February 11, 2022 Paul Muolo Nonbanks are more willing than ever to part with their MSRs...Read More
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