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Mortgage Vendors Face the M&A Gauntlet. The Ax: Bill Foley

August 27, 2020
Paul Muolo
Is Bill Foley, the 75-year-old non-executive chairman of title insurance giant Fidelity National, pondering retirement? Don't bet on it. He's shaking the mortgage vendor M&A tree big time.
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Delinquency Trends Far from Uniform Among Servicers, Loan Types

August 20, 2020
Brandon Ivey
Mortgage delinquencies shot up during the second quarter, though there were variations among servicers and loan types. (Includes data chart.)
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Agency Delinquency Rates Appeared to Peak in June

August 13, 2020
John Bancroft
Although the share of loans four or more payments past due continued to climb in July, total delinquencies and early-stage default rates were lower. (Includes data chart.)
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A Week After its IPO, Rocket Comes Back Down to Earth

August 13, 2020
Paul Muolo
Rocket Companies went public a week ago amid the lowest mortgage rates in U.S. history. How’s the stock doing? Funny, you should ask.
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Forbearance Readings Slimmer but Worries Persist

August 13, 2020
Paul Muolo
The forbearance picture continues to brighten but if economic activity flattens, all bets are off for the fall.
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Borrowers Skip Mortgage, Stay Current on Other Debt

July 31, 2020
Maria Volkova
Borrowers faced with coronavirus-related financial difficulties are prioritizing auto and credit card payments over mortgage, according to Fitch Ratings.
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A $4.3 Billion 2Q Profit for the GSEs. COVID Charges Decline

July 30, 2020
Paul Muolo and Dennis Hollier

Thanks to a booming origination market, Fannie and Freddie posted strong earnings for the second quarter despite the economic carnage caused by the pandemic. Their capital positions also improved.


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Production Boom Creating ‘Millionaire’ LOs? Yes, Some

July 23, 2020
Paul Muolo
Just how good are loan volumes these days? Answer: there’s plenty of talk about LOs earning $1 million this year and buying Teslas.
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Collapse of MSR Market Skews Agency Servicing

July 16, 2020
John Bancroft
Independent mortgage companies for the first time serviced more than half of the single-family loans in agency MBS at midyear. But many high-ranked servicers saw declines in their agency servicing portfolios. (Includes two data charts.)
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A Mixed-Production Bag for the Megabanks in 2Q20

July 16, 2020
Paul Muolo
When it comes to origination gains, Wells Fargo and JPM took a backseat to some of their commercial banking brethren in 2Q20.
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