HUD Meets with Mega Servicers to Discuss COVID Loss-Mit Options June 17, 2021 Paul Muolo Time to throw away the loss-mitigation toolbox in dealing with COVID-related delinquencies? Maybe not.Read More
Nonbanks Continue to Gain in MSRs, Feasting on Agency Product June 17, 2021 Paul Muolo A trend that's not going away: When it comes to owning MSRs, banks have other ideas...Read More
Short Takes: The $40B A Month Habit Will Continue / Inflation? Ha! / CFPB Makes Announcement, Trouble Ahead for VA Lenders? / A New Correspondent Chief for GHMC June 17, 2021 Lisa Burden and Paul Muolo No Fed rate hikes until 2023? Sure, why not...Read More
Grapevine: A Rare Type of M&A / SoFi’s Mortgage Aspirations June 17, 2021 Paul Muolo and Brandon Ivey Nonbank Cornerstone Home moves to buy an FDIC-insured institution. Also, should anyone be worried about SoFi’s progress in mortgages?Read More
Fannie Negotiating With Seller/Servicers on Investor-Loan Cap. Some Told 3% is the New Normal? June 16, 2021 Paul Muolo and Dennis Hollier A Fannie spokesman said the mortgage giant, at this time, is not instituting a specific broad based 6% cap but...Read More
Short Takes: Fifth Third’s Warehouse Chief / Still Searching / A Disruptor’s IPO / Facebook Executive Gets a Board Seat / Applications Rebound / TowneBank’s New LO Hire June 16, 2021 Paul Muolo and Brandon Ivey From what we understand, Fifth Third continues to search for warehouse talent...Read More
Top-50 Ranked NB Moves to Purchase Roscoe of Texas June 15, 2021 Paul Muolo No information was available on Roscoe’s residential business. Its home lending portfolio totals just $24 million.Read More
Short Takes: Another Top Wells Mortgage Exec Departs / An LO Too / CFPB Lays Outs Its Agenda / Servicing Guidelines Ahead? June 15, 2021 Lisa Burden and Paul Muolo More mortgage-related departures at Wells Fargo...Read More
A Sign of the Times: Warehouse Commitments Begin to Ebb June 14, 2021 Paul Muolo But as always in the mortgage business, it’s not a matter of where you’ve been but where you’re going...Read More
Anxious About Adhering to the Investor-Loan Cap, Freddie Trims Deliveries Even More June 14, 2021 Paul Muolo The lender bulletin was released last week and got little notice. It’s effective for mortgages with settlement dates on or after July 1, 2021.Read More