Large Nonbanks Increase Their Servicing Share in Third Quarter November 1, 2024 Brandon Ivey Mr. Cooper and other nonbanks are growing through a mix of in-house originations and acquisitions, with an emphasis on the latter.Read More
A Four-Year High on FHA Delinquencies. Time to Worry? October 28, 2024 Monica Hogan FHA delinquencies haven't been this high since the early days of COVID.Read More
Servicing Values Take a Hit in 3Q October 28, 2024 Paul Muolo One advisor, requesting anonymity, said he had a couple of clients who took “double-digit” markdowns.Read More
Short Takes: An Adjustment for Warehouse? / Debt and Rates? / Eye on the 10-Year / Chopra Not Speaking at MBA / Pricey Paper for Onity October 28, 2024 Paul Muolo and Brandon Ivey Is there a connection between interest rates and deficits? There is for subprime borrowers...Read More
Refis Help to Push Up Originations in Third Quarter October 25, 2024 Brandon Ivey The uptick in the third quarter this year was the first time originations increased from the second quarter to the third quarter since 2020.Read More
Servicing Issues Increase in Mortgage Complaints to CFPB October 24, 2024 Shannon Clark Mortgage-related complaints submitted to the CFPB were up 2.7% from the second quarter, driven by servicing issues.Read More
Delinquencies Rise for FHA, VA Agency MBS October 23, 2024 Namrata Bhatia The total agency delinquency rate rose to 3.30% at the end of the reporting period.Read More
Strong 3Q Originations From PFSI... But MSRs Values Nicked October 23, 2024 Paul Muolo PennyMac funded $31.7 billion of residential loans during the July-September corridor, a handsome 17% improvement...Read More
Large Nonbanks Grow GSE Servicing Share October 22, 2024 Dennis Hollier Large nonbanks grow their share of GSE MBS servicing but Chase still ranks number one in our rankings among servicers.Read More
Spreads Remaining Wide? Good Earnings News for AGNC October 22, 2024 Paul Muolo The company measured its economic return at 9.3% in the third quarter...Read More
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