CFPB Observes No Significant Delinquencies During Pandemic September 3, 2020 Yemeng Yang However, the CFPB acknowledged its analysis may not represent the full picture because credit reporting is a lagging indicator...Read More
Impairment Rate on Non-QM MBS Declines in July September 3, 2020 Brandon Ivey It may seem hard to believe, but the high level of impairments hasn't prompted material losses on MBS, at least not yet...Read More
Rocket Releases ‘Official’ 2Q Results, Says the Best Is Yet to Come September 3, 2020 Paul Muolo The nonbank mortgage giant also offered a 3Q gain-on-sale estimate of 405 basis points to 430 bps. In the second quarter, its GOS came to a mouth-watering 519 bps.Read More
Short Takes: For the Good Times… / Legs to It? / MBA’s Profitability Reading: $4,548 Per Loan / Expenses Actually Decline / Losses Remain on the Servicing Side of the Aisle / New Hires at a GSE-Owned Company September 2, 2020 Paul Muolo Lenders are minting money these days, servicers not so much... Read More
Mr. Cooper on Track to Add 5,000 Employees This Year September 2, 2020 Brandon Ivey Mr. Cooper plans to increase its staff by more than 50% this year, with many of the hires focused on mortgage originations.Read More
Depositories Rake in the Mortgage Profits. Then There’s Wells Fargo... September 1, 2020 John Bancroft Commercial banks and thrifts posted a whopping $5.62 billion in net income from their mortgage banking operations during the second quarter. Read More
Forbearance Reading Remains Flat but Growing Problems in Ginnie, PLS Buckets August 31, 2020 Paul Muolo Black Knight said 3.9 million homeowners remain in forbearance...Read More
A California Version of the CFPB Gains Focus August 31, 2020 Yemeng Yang A California version of the CFPB? The Golden State boasts the largest mortgage market in the nation... Read More
GSE Loan Buybacks Actually Fell in 2Q20. However… August 31, 2020 John Bancroft Higher delinquencies should lead to more Fannie/Freddie loan buybacks, but we're not there yet, thanks, in part, to forbearance...Read More
FHFA, HUD Extend Foreclosure Moratorium to Yearend August 28, 2020 Dennis Hollier In the case of the GSEs, multifamily loans are not covered by the extension...Read More
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