Agency MSR Transfers Slow in Fourth Quarter January 18, 2024 John Bancroft Agency MSR transfers declined by 27.5% in the fourth quarter, to $219.05 billionRead More
ICA Hits the MSR Auction Circuit With a $9.4B Deal January 18, 2024 Paul Muolo ICA is working on roughly $50 billion of MSR deals...Read More
Slight Decline in Mortgage Earnings at U.S. Bank January 17, 2024 Brandon Ivey U.S. Bank generated $137 million in mortgage-banking revenue in the fourth quarter, down 4.9% from the third quarter.Read More
SCOTUS Escrow Case About More Than Escrows January 17, 2024 Brandon Ivey The case will determine the extent to which federal regulators can preempt state laws.Read More
Wells Touts Progress Reducing Mortgage Footprint January 16, 2024 Brandon Ivey Wells Fargo reduced the employee count in its home lending division by 36% on an annual basis in 2023.Read More
Lakeview/Bayview Climbs to Top of Agency Servicers January 12, 2024 John Bancroft Lakeview handled $644.49 billion in agency servicing as of the end of 2023.Read More
loanDepot Inks Large Repo Deal Backed by MSRs January 12, 2024 Paul Muolo The $500 million repo line, with Goldman Sachs acting as administrative agent and one of the lenders, replaces an earlier repo facility.Read More
Short Takes: Frustrations Mount for loanDepot Borrowers / Refi Share Grows / Fannie RPL Sale / Servicing Exams Complex / Publishing Break January 12, 2024 Brandon Ivey loanDepot's borrowers are facing difficulties making mortgage payments...Read More
Supreme Court Decision Could Impact Escrow Practices January 11, 2024 Brandon Ivey The case centers on whether national banks have to follow state laws on interest payments for funds held in escrow accounts.Read More
Short Takes: Mixed Trends in Foreclosures / Good Quarter for Homebuilder’s Lender / Insight on Combined LTV Ratios / Radian Invests in FinLocker January 11, 2024 Brandon Ivey Foreclosure activity looks to be returning to more traditional patterns following pandemic volatility.Read More
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