Credit Suisse Unit Agrees to Purchase Assets of Subservicer Rushmore September 19, 2022 Paul Muolo At midyear, Rushmore was performing subservicing chores on roughly $45.0 billion of residential loans...Read More
Phoenix Selling $7.4 Billion of MSRs for Utah-Based Lender September 16, 2022 Paul Muolo Still a good time to sell servicing rights? It depends on your price expectations...Read More
Wells' Game Plan in Home Mortgages: Consumer and Wealth Clients Mostly September 13, 2022 Brandon Ivey Servicing? Wells doesn't see much of a priority there as well...Read More
Ocwen Says Company Not in Compliance with GNMA RBC, May Exit the Space September 12, 2022 Paul Muolo Ocwen is contemplating its options, including leaving the Ginnie Mae arena...Read More
Depositories Experience a Sharp Decline in Mortgage Banking Income September 12, 2022 Brandon Ivey Income trends on mortgages varied widely at individual banks.Read More
Down Sharply: Ginnie Mae Buyout Activity September 7, 2022 Monica Hogan The top three Ginnie Mae servicers ranked by loan removals: Freedom Mortgage, Lakeview, PennyMac Financial Services...Read More
Mixed Signals on Non-QM Impairments September 6, 2022 Brandon Ivey The impairment rate measures delinquent mortgages and modified loans...Read More
Measuring Nonbank Health by Stock and Debt September 2, 2022 Paul Muolo Of the six companies new to the public market, two are trading under $2.00 a share, two others are trading under $4.00...Read More
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
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