Mortgage-Related Complaints to CFPB Decline October 31, 2023 Namrata Bhatia Complaints about mortgages were down 6.2% compared with the second quarter.Read More
Short Takes: Home Prices Increase / Large Loss for AGNC / Profits Increase at Two Harbors / New President at Cenlar October 31, 2023 Brandon Ivey Prices were up 5.6% on an annual basis in August, according to FHFA.Read More
Homestar Undecided on Fate of ‘Other’ Assets October 30, 2023 Paul Muolo In 2022, Homestar originated $2.5 billion in residential loans...Read More
Short Takes: Better’s Insurance Play / No Coverage / The Benefits of Subservicing? / The Largest User / Wells’ Vice Chair Departs October 30, 2023 Paul Muolo The pros and cons of subservicing? It all depends...Read More
PennyMac Turns Profits on Originations, Servicing in 3Q October 27, 2023 Brandon Ivey Net income at PennyMac Financial Services increased in the third quarter thanks to the nonbank's servicing portfolio.Read More
FHA Working to Help on Housing Affordability October 27, 2023 Monica Hogan Priorities at FHA include facilitating loan assumptions and originations of small-balance mortgages.Read More
Rithm Stays Profitable in Third Quarter October 26, 2023 James Dohnert Rithm Capital posts a profit in the third quarter as it prepares for the acquisition of Specialized Loan Servicing early next year.Read More
Originations and Margins Increase at Flagstar October 26, 2023 Brandon Ivey Originations increased by 12% at Flagstar in the third quarter.Read More
Short Takes: Mortgage Applications Down / Mr. Cooper Earnings Up in 3Q / Homebuyers Increasingly Looking to Move Out of State / Finance of America Expands Rollout of HomeSafe Second Program / ICE Report Correction October 25, 2023 Brandon Ivey and James Dohnert Mr. Cooper net income up in 3Q23; MBA reports mortgage applications down week-over-week; Redfin reports more homebuyers are moving out of state; Finance of America expands new reverse mortgage program to direct-to-consumer and wholesale channel.Read More
FCI Taps Private Blockchain for Servicing October 24, 2023 James Dohnert FCI Fintech developed a patent-pending interplanetary file system that allows the private blockchain to be live with the servicing program.Read More
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