A Strong Quarter for Newrez — Thanks to MSRs July 31, 2024 Paul Muolo At mid-year, Newrez owned $596 billion of servicing rights with an additional $214 billion of subservicing contracts on its books.Read More
Newer Players Help to Boost Home Equity Loan Securitization July 30, 2024 Brandon Ivey Issuers that weren’t active in the first quarter accounted for 43.5% of the home equity securitization volume seen in the second.Read More
Mortgage-Related Complaints to CFPB Decline in 2Q July 30, 2024 Shannon Clark Some 4,998 mortgage-related complaints were received by the bureau in the second quarter, an 11.5% decline from the prior period.Read More
Servicing Transfers More Than Double in 2Q and Then Some July 29, 2024 John Bancroft More than half of the second-quarter bulk deals were attributable to two buyers: Mr. Cooper Group and Lakeview...Read More
Short Takes: If You Have ‘Em (MSRs), Smoke ‘Em / Share Price / Using Subs / Who Do You Admire? / Eye on the 10-Year Treasury July 29, 2024 Paul Muolo A blunt question for managers: Which of your competitors do you admire?Read More
Originations Up Slightly in First Half of 2024 July 26, 2024 Brandon Ivey Originations in the first half of 2024 increased by 4.1% compared with the first half of 2023.Read More
Non-Agency MBS Issuance Increases in Second Quarter July 24, 2024 John Bancroft Much of the second-quarter gain came from securitization of home equity loans and deals backed by distressed mortgages.Read More
2Q24 Reveals an Increase in FHA/VA Delinquencies July 22, 2024 Monica Hogan The last time FHA loan delinquencies were this high? The fourth quarter of last year. Before that, you'd have to go back to 2Q20...Read More
Depository Share of Mortgage Servicing Declines Again in 2Q July 19, 2024 John Bancroft The bank share of agency servicing fell to 34.5% as of the end of June.Read More
Primary MI Sector Loses Some Share in Second Quarter July 18, 2024 Brandon Ivey Some $77.98 billion of purchase mortgages without MI were included in agency MBS issued in the second quarter, a 35.1% increase compared with the first quarter.Read More