Additional Bulk Servicing Auctions Hit the Circuit November 23, 2022 Paul Muolo It may be Thanksgiving week, but Phoenix and Prestwick are out with new MSR offerings...Read More
Publicly Traded Nonbanks Endure Another Harsh Earnings Cycle November 22, 2022 John Bancroft With interest rates steadily rising, MSR appreciation helped buoy results in the third quarter.Read More
A Stunning MSR Asset Gain of 46% for Depositories November 21, 2022 Namrata Bhatia Only two of the top 10 banks reduced their MSR values in 3Q22: Wells Fargo and BofA...Read More
CFPB Keeps Up Pressure on 'Pay-to-Pay' November 21, 2022 Sam Manas In one court case, a subservicing vendor was accused of "unjust" enrichment...Read More
Time to Worry About MSRs and Nonbank Capital? November 18, 2022 Paul Muolo Banking regulators aren’t the only ones kneading the mortgage worry beads on MSRs...Read More
MSR Market Watches for Smoke Signals From the Fed November 18, 2022 John Bancroft There's an iceberg of low-coupon MSRs out there...Read More
In a $5M Settlement, CFPB Sanctions Carrington for Violating the CARES Act November 18, 2022 Sam Manas One mortgage CEO told IMFnews we may be seeing more of these settlements in the near future...Read More
Fitch Worries About Servicing and Nonbank Capital November 16, 2022 Paul Muolo Last month, Fitch issued peer reviews on six shops...Read More
Under New Ownership (Soon): Select Portfolio Servicing November 14, 2022 John Bancroft Fitch and other ratings firms last affirmed the company’s solid RMBS servicer ratings a year ago...Read More
loanDepot Says 4Q Lending Could Fall to Just $4 Billion November 9, 2022 Paul Muolo CEO Frank Martell: "We are excited about the launch of our digital HELOC"...Read More
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