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BlackRock Increases Its Position in Rocket. Meaning?

February 2, 2021
Paul Muolo

BlackRock places a bullish bet on the nation's number-one lender...


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The California ‘CFPB’ Makes Its Presence Known, Quickly

February 2, 2021
Lisa Burden

DFPI Commissioner Manuel Alvarez: “We take our expanded responsibility very seriously and are moving swiftly to ensure debt collectors do not violate the rights of California consumers.”


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A Sign of the Times: VA Servicing Continues to Gain Ground

February 2, 2021
John Bancroft

The volume of FHA loans was down 4.2% for the year, including a 1.8% drop from the third to the fourth quarter. But at $1.114 trillion, FHA loans continued to represent the dominant slice of the Ginnie pie...


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Tech-Focused Valon Raises $50 Million, Has Huge MSR Growth Plans

February 2, 2021
Brandon Ivey

Valon, formerly known as Peach Street, plans to use the funds to hire and acquire...


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Forbearance Exits at Slowest Pace Ever

February 1, 2021
Paul Muolo

Servicers are buying delinquent FHA/VA mortgages out of Ginnie MBS pools, placing the notes in portfolio as part of a reclamation strategy.


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‘Highly Reputable’ Originator Offers Flow Deal That Could Top Almost $34B

February 1, 2021
Paul Muolo

IMA says the seller is a "well-capitalized independent mortgage bank with very experienced leadership"...


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Short Takes: Home Point Downsizes IPO / Former Freddie CEO Joins Commercial Mortgage Lender / Forbearance Reading Increases / Dynex Raises Cash

January 29, 2021
Brandon Ivey

Home Point planned to sell 12.5 million shares at as much as $21 per share but the nonbank lender ended up with a smaller IPO.


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Liquidations of Loans from Ginnie MBS Up Sharply in 2020

January 29, 2021
John Bancroft

Liquidations of loans from Ginnie Mae MBS nearly doubled in 2020 on an annual basis.


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CFPB Plans Swift, Aggressive Action Against Servicers During Pandemic

January 29, 2021
Lisa Burden

The acting director of the CFPB directed the federal agency to focus on compliance issues involving consumers suffering hardship stemming from the coronavirus, including actions by mortgage servicers.


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loanDepot’s Life as a Public Firm Begins Late Next Week

January 27, 2021
Paul Muolo

“The offering consists of 9.41 million shares of common stock being sold by loanDepot and 5.59 million shares of common … being sold by certain funds managed by Parthenon Capital Partners,” the firm said.


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