FSOC Report on Nonbanks: Trouble for Smaller Servicers? May 13, 2024 Namrata Bhatia During the COVID crisis, Ginnie's PTAP program was not widely used by nonbanks...Read More
Megabank Unloads a Large Chunk of MSRs. Size: $12B-$15B May 13, 2024 Paul Muolo At March 31, U.S. Bank owned $347.7 billion of MSRs, ranking ninth among all servicing owners.Read More
Guild Boosts Originations and Earnings in First Quarter May 10, 2024 Brandon Ivey Guild generated a profit of $28.4 million in the first quarter of 2024.Read More
Loss Widens at loanDepot, GOS Improves May 8, 2024 Paul Muolo A cyber "incident" cost loanDepot at least $15 million in charges for the first quarter of 2024.Read More
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
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