Ocwen Finds a Partner, Hopes to be a Player in MSR Acquisitions December 23, 2020 Paul Muolo The agreement comes at a curious time: Servicing prices have suffered during the pandemic but are beginning to improve. In other words, bargains may be hard to find. Read More
Coming Soon: New Mortgage Rules from the CFPB December 23, 2020 Yemeng Yang The agency said it will propose revisions to loss mitigation-related provisions under Regulation X... Read More
Subservicers Continue Their Strong Growth in 3Q December 22, 2020 Paul Muolo A boon to subservicers: small- to medium-sized lenders hanging onto their MSRs...Read More
Few Mortgage-Related Provisions in Stimulus Bill Passed by Congress December 22, 2020 Brandon Ivey Missing in action: assistance to help servicers with MBS advances...Read More
Forbearance Inches Northward, Trouble in the GNMA Sector December 21, 2020 Paul Muolo Forbearance requests from FHA/VA borrowers reached their highest level since the week ending June 14, MBA said...Read More
Short Takes: Nonbanks Face the (GSE) Music on Liquidity Requirements / MBA is Not Happy / Hope? / Citi Goes English-Only / Freddie Official Hired by the CFPB December 21, 2020 MBA criticized the secretive nature of the rule change, arguing that by using lender letters, the maneuver short-circuited the normal comment period…Read More
CFPB Settles with ‘Successor’ to Seterus Over Loss Mitigation Work December 18, 2020 Paul Muolo At one point, the IBM-controlled Seterus did contract servicing work for Fannie Mae...Read More
Credit Unions Move a Step Closer to Investing in MSRs December 18, 2020 Brandon Ivey Credit unions are currently prohibited from purchasing MSRs as an investment. The proposal was opposed by the Democrat on the NCUA's board.Read More
A Mortgage M&A Boom in 2021 or Wishful Thinking? December 17, 2020 Paul Muolo This year, mortgage bankers were making too much money and pushed aside the thought of selling. Next year might be a different story...Read More
Trouble Ahead as 30-Day Delinquencies Rise on Agencies December 17, 2020 John Bancroft Although early-payment delinquency rates were up across the board, they remained significantly lower than six months ago.Read More