FCI Putting Emphasis on Servicing Technology January 9, 2025 Paul Muolo The non-agency servicer has 32 full-time computer programmers.Read More
Short Takes: CFPB’s Medical Debt Rule Faces Lawsuit / Thompson Stepping Down From FHFA / Phillips Joins Freddie / Better Loses Origination Partner / Mortgage Affordability January 9, 2025 Brandon Ivey The CFPB's medical debt rule is facing a lawsuit and Republican leaders in Congress want to overturn the rule.Read More
FHA Establishes Servicing Oversight Policy January 8, 2025 Monica Hogan The agency had never published its method of identifying servicing defects before.Read More
State Regulators Expected to Fill Void Under Trump January 7, 2025 Shannon Clark “We can continue to expect [states] to be as active and maybe even more so this time around,” said Kathryn Ryan, a partner at Orrick.Read More
Short Takes: Rocket Fueling Redwood’s MBS / Wells Fargo’s Asset Cap / Chase’s Servicing Unit / Homeowners Plan to Stay Put January 7, 2025 Brandon Ivey Redwood has issued eight consecutive prime non-agency MBS where Rocket Mortgage was the top contributor of loans.Read More
Short Takes: Interest Rates Rising / Housing Inventory Improving / More Non-Agency MBS in the Works January 3, 2025 Brandon Ivey Interest rates on mortgages increased to a level last seen in July 2024.Read More
Delinquencies on Securitized Non-QMs Rise Again January 2, 2025 Brandon Ivey The increase in November was tied to hurricanes, though impairments have increased for seven consecutive months.Read More
Shellpoint Tops Non-Agency MBS Servicers in Third Quarter January 2, 2025 James Dohnert Shellpoint handled $6.70 billion of servicing of non-agency MBS issued during the third quarter.Read More
Short Takes: Annaly off to Quick Start With MBS in 2025 / Outsourcing in Zambia / Residential PACE Originations Constrained January 2, 2025 Brandon Ivey Annaly Capital Management is preparing to issue the first non-agency MBS of 2025.Read More
A $1 Billion Borrowing Line For PennyMac’s REIT December 30, 2024 Paul Muolo The collateral entails Fannie Mae mortgage servicing rights owned by PennyMac...Read More
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