Ocwen’s Overseas Headcount Declines Year-Over-Year February 22, 2021 Paul Muolo Ocwen: “Of our foreign-based employees, more than 70% were engaged in our servicing operations"... Read More
A Sequential Setback in 4Q20 but Banks Post Stellar MB Income for FY February 21, 2021 John Bancroft The final lap brought year-to-date earnings to $22.52 billion, a 66.3% gain from 2019.Read More
IPO-Bound Lender Selling ‘Flow’ MSRs February 18, 2021 Paul Muolo At a time when servicing values are firming up, Caliber is looking to sell product...Read More
A Sequential Profit Drop for loanDepot but Shares Rally February 18, 2021 Talk about a rollercoaster ride: loanDepot came out at $14 a share last week and at one point almost reached $40. Read More
AZ Bank in $1 Billion Deal to Buy Nation's Third Largest Correspondent Lender February 16, 2021 Paul Muolo Back in fall, the privately held AmeriHome announced its intentions to go public.Read More
Forbearance Tally Lowest Since April of Last Year February 16, 2021 Paul Muolo MBA cited improvements in Fannie Mae/Freddie Mac and Ginnie Mae loans as the driver behind the better readings.Read More
FHA/VA Foreclosure and Eviction Moratoriums Extended Once Again February 16, 2021 Maria Volkova The new timeline moves the moratorium's expiration from March 30 to June 30...Read More
Short Takes: loanDepot's Stock Rises / Average G-Fee Declines / UpEquity Raises $25 Million / Forbearance Share Declines February 12, 2021 Brandon Ivey loanDepot's stock jumped more than 50% on its first day of trading after the nonbank downsized its IPO.Read More
Delinquencies Decline Across the Board in Fourth Quarter February 12, 2021 Brandon Ivey Time-based measures of delinquency rates showed slight declines during the fourth quarter of 2020, as did the foreclosure rate, according to Inside Mortgage Finance's large servicer delinquency index.Read More
Short Takes: Applications Decline / GSE Foreclosure Moratorium Extended / Jumbo MBS from Goldman / A Seller's Market February 10, 2021 Brandon Ivey Mortgage applications fell by 4%, with declines in requests for both refinances and purchase mortgages.Read More