Mr. Cooper Selling Off its Reverse Mortgage Servicing Business July 6, 2021 Brandon Ivey The sale of the Champion Mortgage reverse mortgage servicing portfolio allows Mr. Cooper to focus on its core business and improve profitability.Read More
Short Takes: Home Price Appreciation at 2005 Levels / Forbearance Rate Flat / Many Borrowers Extending / Saluda Grade Capital Raise July 6, 2021 Brandon Ivey Annual home price appreciation in May hit a level last seen in 2005...Read More
CFPB Takes a Look at Asian American and Pacific Islanders in the Mortgage Market July 2, 2021 Lisa Burden
Home Point’s Shares Test 52-Week Low, Nonbank Targeted by Law Firm July 1, 2021 Paul Muolo Hell hath no fury like a shareholder who's sitting in a pool of red ink. Then again, the mortgage industry has seen these type of lawsuits before...Read More
FHFA Drops LTV Restrictions on Loan Modifications June 30, 2021 How many consumers will seek a modification due a COVID hardship remains to be seen. Forbearance readings continue to drop...Read More
Short Takes: Still in the Cards: A Government-Run Credit Bureau? / CFPB Cites Legal Violations / Office Locations a Problem / Foreclosure Issues Too June 30, 2021 Lisa Burden The CFPB says most mortgage branches are located in predominantly white neighborhoods...Read More
The Second-Lien Slump Continues... June 24, 2021 It’s not uncommon for home-equity lending to take a back seat when first-lien refinancing is running hot but the refi market appears to be waning...Read More
One ‘Final’ Extension on Home Foreclosures from Uncle Sam June 24, 2021 Maria Volkova The Department of Housing and Urban Development, VA, and the U.S. Department of Agriculture are expected to reveal additional plans in July, offering new payment reduction options designed to allow more homeowners to stay in their homes.Read More
Slipping Away: Jumbo Servicing Balances? June 23, 2021 Brandon Ivey Flagstar Bank stood out with a 25.2% jump in jumbo servicing.Read More
A Trip to the Debt Well for Freedom Mortgage June 22, 2021 Paul Muolo With rates headed south once again, debt issuance by nonbanks could get one last run...Read More