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Growth Slows in Subservicing Niche as Consolidation Looms

June 19, 2019
Paul Muolo

The spate of M&A activity in the sector suggests that more deals could be in the works, given the attractive nature of being a subservicer compared to owning the servicing strip outright…


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Short Takes: Rate Cut Coming? / Keeping an Eye on the 10-Year … and the UMBS / Busy Lenders / Brokers Gain on Retail LOs / SFIG Meets with FHFA / Greystone Hires Freddie Mac Executive

June 17, 2019
Paul Muolo

Look out below on rates? The FOMC meets this Wednesday and some market watchers are predicting a surprise rate cut...


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Refinance Surge Boosts GSE Purchases for May

June 17, 2019
John Bancroft

The $29.42 billion of refinance mortgages sold to Fannie Mae and Freddie Mac was up 30.2% from April and marked the biggest monthly volume since December 2017.


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Google a Better Gauge of Refi Applications than MBA’s Survey?

June 17, 2019
Brandon Ivey

Noting the disparity, analysts at Wells Fargo Securities suggested that Google search trends provided a more realistic gauge of potential refi activity and prepayment speeds.


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Slip, Sliding Away: the Fed’s Role in the MBS Market

June 14, 2019
John Bancroft

Commercial banks held a combined $1.673 trillion of MBS at the end of the first quarter, maintaining their position as the largest investor class in the market...


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Under the Radar: CFPB Conducting Fair Lending Probes

June 13, 2019
Yemeng Yang

In some cases the bureau has even targeted nonbanks even though these institutions – by law – are not covered by the Community Reinvestment Act... 


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In Need of a Recovery: The Home Equity Lending Sector

June 13, 2019
John Bancroft

It was the weakest reading on home-equity originations since early 2015, when production of closed-end seconds and new borrowing on home-equity lines of credit totaled an estimated $38.0 billion.


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Slow Growth for Banks and First Liens

June 12, 2019
Brandon Ivey

Banks are beginning to slow their investments in first-lien mortgages...


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Short Takes: Withering on the Vine in Mortgageland: Commercial Banks / Ocwen: Transfer Complete / Ocwen Changes Brand Name to PHH Mortgage / Alert: HECM Damage in Progress / Angel Oak Sees Big Gains Ahead for Non-QM

June 11, 2019
Paul Muolo

Looks like Ocwen is pushing the button on a name change and it's not Newco...


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When it Comes to Jumbos, Retail is Still the King

June 11, 2019
Brandon Ivey

Bank of America, the nation’s second largest jumbo producer, only uses the retail channel…


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