Wide Coverage of State Prudential Standards for Nonbanks May 7, 2024 Shannon Clark States that have adopted the new standards effectively cover 98% of the nonbank servicing market by loan count.Read More
Mr. Cooper Stands Out Among Large Servicers in First Quarter May 3, 2024 Brandon Ivey While servicing outstanding ticked up 0.3% in the first quarter, Mr. Cooper's portfolio grew by 14.6%.Read More
Rocket Rebounds in First Quarter; Sees Temporary Elevated GOS May 3, 2024 Brandon Ivey Rocket’s income was boosted in the first quarter by a jump in gains from the sale of loans and positive marks for mortgage servicing rights.Read More
Short Takes: Ocwen Selling Some MSRs / Angel Oak Selling Off Older ECMs / Non-Agency Lender Takes Slight Loss / Attorneys Form Compliance Advisor May 3, 2024 Brandon Ivey Ocwen received an exceptionally strong bid for some of its MSRs and opted to sell.Read More
Servicing Lifts Ocwen to Profit in First Quarter May 2, 2024 Brandon Ivey Changes in the fair value of MSRs boosted Ocwen's earnings.Read More
FHA Loans Lead Boost in Ginnie Servicing May 1, 2024 Brandon Ivey Lakeview/Bayview Loan Servicing remained the largest Ginnie servicer and increased its market share in the first quarter.Read More
Originations, MSR Marks Up at Rithm in First Quarter April 30, 2024 Paul Muolo At the end of March, the REIT valued its MSRs at 165 bps, the highest “mark” since the first quarter of last year...Read More
Short Takes: Home Prices Rebound in February / Private-Equity Infusion for Blend / Profit at Two Harbors / Homeownership Unattainable April 30, 2024 Brandon Ivey Home prices jumped in February after a slight decline the previous month.Read More
California Court Decision Could Prevent Non-QM Loan Mods April 29, 2024 James Dohnert The case, Moon vs. Milestone Financial, involves an exception in California Civil Code section 1916.1...Read More
Rising Costs Prompt Large Losses for Lenders in 2023 April 26, 2024 Brandon Ivey Only 36% of the lenders participating in the MBA’s report turned a profit in 2023, down from a 53% share of participants in 2022.Read More
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