Industry Gears Up for In-Person Conferences. Risks? August 27, 2021 Monica Hogan Risk tolerance? Certain companies may adjust the number of people they send to annual conventions as their internal guidelines shift...Read More
The (Large) Servicer Delinquency Rate Falls to 4.56% August 26, 2021 Brandon Ivey Residential delinquencies declined across different buckets, led by borrowers who were more than 90 days past due...Read More
The Final Tally: Nonbank Earnings Plummet as Margins Shrink in 2Q August 25, 2021 John Bancroft Nonbank earnings season is over. The bottom line: profits fell, but that was to be expected. The big question: Where do we go from here?Read More
Home Point Hit With Multiple Downgrades by Fitch. MSRs May Be Sold August 25, 2021 Paul Muolo The nonbank is contemplating selling some of its MSRs...Read More
Banks Change Course and Add Servicing-for-Others. However... August 24, 2021 John Bancroft Federally insured depositories reported $3.088 trillion of servicing-for-others at June 30, mostly representing loans residing in MBS trusts...Read More
The Coming Mortgage M&A Tsunami? August 23, 2021 Paul Muolo The mortgage industry has seen this movie before...Read More
More Ginnie Mae MSR Deals Find Their Way to Market August 23, 2021 Paul Muolo The Prestwick offering has collateral is located in 30 states, with Texas and Arkansas homes leading the pack. Bids are due Sept. 8.Read More
United Wholesale Planning to Accept Cryptocurrency for Mortgage Payments August 17, 2021 Brandon Ivey Some lenders have allowed borrowers to use cryptocurrency to make downpayments or as part of the calculation of a borrower’s assets, but none appear to allow monthly mortgage payments with bitcoin yet.Read More
Short Takes: Abandonment Rate Up on Forbearance Calls / CFPB is Watching / NYCB Invests in Figure / Sachem’s Income Increases August 17, 2021 Brandon Ivey The abandonment rate on calls to servicers jumped to 5.0% from 3.6% the week prior...Read More
Rocket Posts Lower 2Q Profits and Originations, but Forecasts Record Lending in ‘21 August 13, 2021 Paul Muolo Overall, the Detroit-based company funded $83.8 billion in 2Q compared to $103.5 billion in 1Q...Read More