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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.
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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.
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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.
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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...
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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?
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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.
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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.
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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...
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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.
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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.
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