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Banks Report 3Q20 Surge in Mortgage Income

October 28, 2020
John Bancroft

The second and third quarters rank among the most profitable for the sector, though merger activity and changing mortgage strategies can make comparisons to prior periods tricky...


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Amid the Pandemic, Consumer Complaints Reach an All-Time High

October 27, 2020
Yemeng Yang

The top three in the complaint category: Experian, Transunion and Equifax...


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Forbearance Reading Declines but Trouble Remains for Ginnie, PLS

October 26, 2020
Paul Muolo

On Friday, Black Knight Financial released its forbearance tally, saying cases declined by 11,000 units for the seven-day period, ending October 20. Roughly, three million mortgagors remain in active COVID-related relief programs, the analytics firm noted.


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New Rez More than Doubles Lending Volume, but GOS Declines

October 26, 2020
Brandon Ivey

After pulling back from correspondent lending during 2Q20 amid market volatility, New Residential sharply increased its loan purchases in the third quarter...


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Servicing Transfers (Sales) Stall in 3Q20, Ginnie Trades Nearly Dead

October 26, 2020

A mere $70.81 billion of MSR changed hands in the third quarter, the lowest total since Inside Mortgage Trends began tracking the market in 2015.


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Okay, We’re Doing Great Today, but What About Tomorrow?

October 23, 2020
Brandon Ivey

Kirstin McMullen, chief financial officer of The Money Source: “Since March, we have all made so much cash, so it’s certainly less stressful"...


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DOJ Unveils Guild FHA Legal Settlement

October 23, 2020

In settling with the FHA charges with government, Guild did not admit liability...


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Caliber IPO Could Top $538 Million, Most of it Going to Lone Star Affiliate

October 21, 2020
Paul Muolo

The shares are slated to begin trading on the NYSE under the symbol HOMS next Thursday, Oct. 29. The lead book runner on the IPO is Credit Suisse.


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Flagstar Boosts Originations by 18% in Third Quarter

October 21, 2020
Brandon Ivey

The bank increased originations of conventional loans and jumbos while reducing its government-insured production.


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HUD IG: COVID-Related Forbearance Information Continues to Fall Short

October 20, 2020
Maria Volkova

Problems still persist in informing borrowers of the duration of the initial forbearance period...


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