Mortgage Earnings at Large Nonbanks Plummet in 4Q March 12, 2024 John Bancroft Earnings from mortgage banking declined by 60.2% among 14 publicly traded nonbanks in the fourth quarter.Read More
Regulators Plan to Alter Basel Proposal, Timing Unclear March 7, 2024 Brandon Ivey Federal Reserve Chairman Jerome Powell said major revisions to the proposed capital requirements for large banks are likely.Read More
Cash Infusion, New Leadership at NYCB March 7, 2024 Brandon Ivey New York Community Bancorp has its third CEO in less than two weeks.Read More
State Regulators Streamline Exam Standards for Nonbanks March 6, 2024 Brandon Ivey State agencies established a set of mortgage and exam programs through the State Examination System.Read More
MSR Owners Facing Pressure From Escrows, Interest Rates March 5, 2024 Brandon Ivey Mortgage borrowers' obligations for property taxes and insurance are rising and interest rates are projected to fall, a foreboding combination for MSR investors.Read More
Short Takes: New Cybersecurity Reporting Requirement / Biden Pressed on Affordable Housing / Non-QM Delinquencies Not Leading to Many Losses / New CRT From Fannie March 5, 2024 Brandon Ivey Effective immediately, Ginnie issuers must notify the agency of any cybersecurity incident within 48 hours after the issue is detected.Read More
VA Mortgage Assumptions Jump in 2023 March 4, 2024 Monica Hogan VA processed 2,244 loan assumptions in 2023, compared with 308 in the previous year.Read More
Short Takes: Recapture Tip / Home Prices Overvalued / MSR Values Improve / AI Help on Guidelines March 4, 2024 Brandon Ivey Servicers retained only about 20% of borrowers that refinanced their mortgages during the fourth quarter of 2023.Read More
UWM Selling MSRs Rather Than Directly Hedging February 29, 2024 Brandon Ivey Rather than hedging MSRs, UWM relies on its origination capabilities and sells some MSRs.Read More
Banks Could See Preemption Win in Supreme Court Case February 28, 2024 Shannon Clark The Supreme Court heard oral arguments Tuesday on whether states can require banks to pay interest on funds held in servicing escrow accounts.Read More