Mr. Cooper Stands Out Among Large Servicers in First Quarter May 3, 2024 Brandon Ivey While servicing outstanding ticked up 0.3% in the first quarter, Mr. Cooper's portfolio grew by 14.6%.Read More
Rocket Rebounds in First Quarter; Sees Temporary Elevated GOS May 3, 2024 Brandon Ivey Rocket’s income was boosted in the first quarter by a jump in gains from the sale of loans and positive marks for mortgage servicing rights.Read More
Homebridge Close to Issuing HELOC Securitization May 3, 2024 Paul Muolo To date, Homebridge has mostly sold HELOCs originated by its broker network to investors, servicing-released.Read More
HUD Issues Guidance on Digital Advertising May 3, 2024 Brandon Ivey HUD cautioned that lenders could violate the Fair Housing Act by relying on decisions made by an advertising platform that uses artificial intelligence to place ads.Read More
Short Takes: Ocwen Selling Some MSRs / Angel Oak Selling Off Older ECMs / Non-Agency Lender Takes Slight Loss / Attorneys Form Compliance Advisor May 3, 2024 Brandon Ivey Ocwen received an exceptionally strong bid for some of its MSRs and opted to sell.Read More
FHFA, FHA Set New Standards for Reconsideration of Value May 2, 2024 Brandon Ivey FHFA and FHA issued new standards for reconsiderations of value.Read More
Fed Tweaks Strategy for MBS Portfolio May 2, 2024 Brandon Ivey Some MBS payoffs that were reinvested in agency MBS will instead be invested in Treasury securities.Read More
Jumbo Correspondent Market Shrinks in 2023 May 2, 2024 James Dohnert Correspondent buyers of jumbos were divided fairly evenly between banks and nonbanks in 2023.Read More
Servicing Lifts Ocwen to Profit in First Quarter May 2, 2024 Brandon Ivey Changes in the fair value of MSRs boosted Ocwen's earnings.Read More
Short Takes: GSEs Revise Guides / Purchase-Mortgage Lending Increases at Zillow / Fairway Touts LO Recruits / Annaly Fast With MBS May 2, 2024 Brandon Ivey The GSEs established a formal definition for mortgages to first-generation homebuyers.Read More