Nonbank Servicers Rack up Gains, Wells Fargo Falls Back to Earth February 3, 2022 John Bancroft Nonbank servicers in the top 50 posted a hefty 4.6% gain in owned servicing...Read More
Consumer Complaints Reach Another Record in 2021 February 2, 2022 Sam Manas Consumer complaints about debt collection saw a hefty 30.6% rise.Read More
loanDepot CEO Discloses Stock Purchases in Call With Analysts February 2, 2022 Paul Muolo loanDepot went public roughly a year ago. Its stock once traded as high as $39 a unit...Read More
An Earnings Plunge for loanDepot. Servicing Writedowns Too February 1, 2022 Paul Muolo In a bit of a surprise, loanDepot also recorded negative changes to the fair market value of its mortgage servicing portfolio totaling $118.7 million.Read More
Nonbanks Continue to Grow GSE Servicing Share in 4Q February 1, 2022 Dennis Hollier Even small and mid-sized nonbanks bested the megabanks: 20.0% versus 18.3%.Read More
A Gargantuan Year for MSR Transfers But a Downturn in 4Q21 January 31, 2022 John Bancroft Roughly $153.60 billion of Fannie/Freddie MSRs changed hands in bulk deals during the fourth quarter...Read More
In a Red Hot MSR Market, Private Equity Makes a Stand January 27, 2022 Paul Muolo Andrew Weber of Marlin Mortgage: "It's been one heck of a ride"...Read More
Originations and Earnings Decline at Flagstar, MSR Values Rise January 27, 2022 Paul Muolo Slated to be purchased by NYCB, this mortgage bellwether of sorts originated $10.7 billion of residential loans in 4Q21...Read More
Ginnie Urges Diligence on COVID-Related Mods January 27, 2022 Monica Hogan The new steps eliminate the need for recordation and title insurance, with certain exceptions...Read More
As Ginnie MSRs Increase in Value, Outstandings Struggle to Grow January 25, 2022 Brandon Ivey The growth came from VA mortgages, with FHA servicing rights actually declining.Read More
RSS