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Servicing
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MBA: Steep Origination Losses for 4Q23, Just 29% of Lenders are Profitable

March 18, 2024
Paul Muolo
MBA said lenders were unable to "sufficiently adjust resources to align with fluctuating rates and volumes"...
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Banks Add to Whole-Loan Holdings in Fourth Quarter

March 15, 2024
John Bancroft
Banks, thrifts and credit unions ended the year with $3.551 trillion of unsecuritized home loans on their books, a gain of 0.8% from the third quarter.
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Short Takes: NAR Settles Commission Litigation / Servicing Stats / Hearing to Look at Homebuyers / Housing Improving

March 15, 2024
John Bancroft and Brandon Ivey
NAR's settlement essentially eliminates the requirement for home sellers to pay a fee to the homebuyer's real estate agent.
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Guild Takes Losses on Originations, Servicing in 4Q

March 13, 2024
Brandon Ivey
Originations declined as did the value of the nonbank's MSR portfolio.
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Another Tough Quarter for loanDepot

March 13, 2024
Paul Muolo
Companywide, revenue last year came in at $974.0 million, down 22.3% from 2022.
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Short Takes: Foreclosures Decline / MSR Offering / New CEO at AmeriHome / Details on Fannie’s NPL Sale

March 13, 2024
Brandon Ivey and Paul Muolo
Foreclosure activity declined by 1% on a monthly basis in February.
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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.
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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.
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Cash Infusion, New Leadership at NYCB

March 7, 2024
Brandon Ivey
New York Community Bancorp has its third CEO in less than two weeks.
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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.
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