Servicers Support FHA’s Face-to-Face Proposed Changes October 10, 2023 Monica Hogan The comment period closed last week on a July proposal from HUD.Read More
Of Interest to Fannie Mae: MSR Sale Prices October 9, 2023 Paul Muolo An MBA official noted that MSR valuations can “vary significantly due to the use of different models"...Read More
Large Nonbanks See Boost From Servicing October 3, 2023 Monica Hogan “Our profitability is great,” said Stan Middleman, president and CEO of Freedom Mortgage. “It’s just not coming from originations this year.”Read More
A Done Deal: Rithm Agrees to Buy SLS Parent and $136B of MSRs October 2, 2023 Paul Muolo Rithm will pay for the purchase using “existing” and “available liquidity” as well as servicing-backed financing.Read More
ICE Touts Benefits of Black Knight Acquisition September 29, 2023 James Dohnert Mortgage investors, lenders and borrowers could all benefit from ICE's acquisition of Black Knight, according to leaders at ICE.Read More
Lenders Look for CFPB Reform Rather Than Dismantling September 27, 2023 Brandon Ivey “No one wants the CFPB to go away, no one wants the rules to be unenforceable,” said Nanci Weissgold, a partner at the law firm Alston & Bird.Read More
MSR Prices Strong as Sales Slow September 26, 2023 Paul Muolo “A year ago, we were flooded with deals,” said one East Coast-based MSR broker. “Now we’re not, but prices have grinded higher.”Read More
Climate Risk Weighing on Mortgage Market September 26, 2023 Monica Hogan Aretreat by the home insurance industry changes the risk environment of FHA’s mortgage insurance program.Read More
VA Extends Timeline for Loss-Mitigation Service Program September 25, 2023 Monica Hogan “It’s taking us a little longer to get this done, but at the same time, we want to get it right,” Michelle Corridon, deputy director of policy at VA, said of the VA Servicing Purchase program.Read More
Short Takes: Delinquency Trends Could Turn / Affordability at Lowest Point in Decades / How Much is a Multifamily Business Worth? September 25, 2023 Brandon Ivey Delinquency rates may be nearing cycle lows...Read More