Conventional/Government MSRs Hit the Auction Circuit May 18, 2021 Paul Muolo Prices are firming up in the MSR arena. One driver: lower prepayment speeds... Read More
The Reach of GSE Low-Income Refi Programs Underestimated May 17, 2021 Dennis Hollier The terms of Fannie’s new RefiNow program are broadly similar to those of Freddie Mac’s new Refi Possible. Read More
Mortgage Complaints Filed with the CFPB Up in Every Category May 14, 2021 Lisa Burden Presumably, the pandemic has fueled the increase in gripes...Read More
GSE MSRs Slated for Sale by Prestwick and MCT May 12, 2021 Paul Muolo The seller of the MSRs is an independent mortgage banker... Read More
PennyMac Taps Structured Finance Vehicle to Lever MSRs May 12, 2021 As one company official explained, “This gets us off the bank balance sheet.”Read More
UWM Reports Origination, Earnings Decline for 1Q; Says It Can Be No. 1 May 10, 2021 Paul Muolo Despite the strong earnings, UWM's share price fell to a new low. The company went public earlier this year...Read More
Income and Originations Decline at PennyMac in First Quarter May 7, 2021 Brandon Ivey PennyMac's income fell by 17% on a sequential basis in the first quarter, originations declined by 3.5% while the nonbank's servicing portfolio grew by 5.2%.Read More
The M&A Train Has Arrived. How Far Will It Go? May 7, 2021 Paul Muolo Among those looking to buy: private-equity firms...Read More
A Sharp (and Welcome) Decline in Ginnie Delinquencies May 7, 2021 John Bancroft Late payment rates peaked in June at 11.82% as borrowers struggled with the impact of the pandemic on economic activity.Read More
Slow Growth in the Servicing Arena, Wells Stills Leads the Pack May 6, 2021 John Bancroft Wells Fargo once again ranked first, followed by Cenlar, JPMorgan Chase, Mr. Cooper and Quicken Loans...Read More
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