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CFPB Finds Problems with Credit Reporting by Mortgage Servicers

December 31, 2019
Yemeng Yang

The report focuses on supervisory findings from exams the bureau conducted in the areas of consumer reporting and furnishing of information…


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What the CCPA Means for the Mortgage Industry

December 31, 2019
Yemeng Yang

In general, the CCPA allows California residents to know and access what information businesses collect on them...


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Dems Concerned About CFPB’s Advisory Opinion Plan

December 30, 2019

In September, the CFPB issued a compliance assistance policy, signaling its intent to propose an interpretive letter program “as soon as practicable,” given significant interest from stakeholders…


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Short Takes: Buying Into a Shrinking Market? / A Game of 22 (GSE) Questions / The GSEs: Big Earners by This Measurement / 30-Year-Old Servicing Systems? / Regulatory Woes for CA?

December 19, 2019
Paul Muolo and Yemeng Yang

After all, who wants to invest in a shrinking (GSE) business? Something to think about…


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Mortgage Debt Outstanding Highest Since June 2009

December 19, 2019
John Bancroft

The supply of one- to four-family mortgage debt outstanding climbed 0.8% from June to reach $11.075 trillion as of the end of the third quarter. It was the highest MDO number since June 2009.


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Bulk MSR Sales Lacking. Blame Low Rates?

December 18, 2019
Paul Muolo

Overall, the trading volume in third quarter was the thinnest of the year and 4Q19 could be weaker still.


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Bank MSR Values Dip to a Three-Year Low

December 16, 2019
John Bancroft

In general, banks and thrifts have been pulling back from the MSR market since 2009...


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PennyMac Ready to Make Another Trip to the Stock ‘Well’

December 11, 2019
Paul Muolo

When it comes to selling additional shares, PennyMac Mortgage Investment Trust is not shy…

 


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Subprime Servicing Rights: The Runoff Continues

December 11, 2019
Brandon Ivey
The top three subprime servicers are: Ocwen Financial, Bank of America and Chase. Most of it entails legacy product…
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Short Takes: Go Figure: Fintech Raises More Money / A Rich Valuation? / Cagney / IPO in the Cards? / Bulk MSR Offering from Incenter

December 5, 2019
Paul Muolo

Figure’s co-founder and CEO is Mike Cagney. If the name sounds familiar, it should. Cagney formed SoFi earlier in the decade...


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Latest Imf News

  • GSE Deliveries by Top Players Decline in November

  • Fed’s Rate Cut Not Expected to Help Mortgages Much

  • GSEs Update Guidelines Tied to Fraud

  • SG Capital Partners Returns as Expanded-Credit MBS Issuer

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Featured Data

  • Refis Lift Agency MBS to Three-Year High in November

  • Broker Channel Regains Some Share in Third Quarter

  • Nonbanks Post Small Drop in Mortgage-Banking Income

  • Bank MSR Portfolios Shrink Slightly, Valuation Strong

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