Short Takes: The Tax Man Cometh / Georgia on Everyone’s Mind / Increased Interest in MSR Lines / FHA and Ginnie Funding Comes Through / No Change in GSE Housing Goals December 22, 2020 Paul Muolo, Dennis Hollier, and Brandon Ivey So you had a good year in mortgage banking? Your Uncle Sam will be happy to hear that... Read More
Subservicers Continue Their Strong Growth in 3Q December 22, 2020 Paul Muolo A boon to subservicers: small- to medium-sized lenders hanging onto their MSRs...Read More
Forbearance Inches Northward, Trouble in the GNMA Sector December 21, 2020 Paul Muolo Forbearance requests from FHA/VA borrowers reached their highest level since the week ending June 14, MBA said...Read More
CFPB Settles with ‘Successor’ to Seterus Over Loss Mitigation Work December 18, 2020 Paul Muolo At one point, the IBM-controlled Seterus did contract servicing work for Fannie Mae...Read More
Short Takes: UWM’s SPAC Coming Next Year / How it Works / Consultant Advises a Settlement / The Plaintiffs December 18, 2020 Paul Muolo Wedbush, JMP Securities and other research shops have initiated coverage on Gores/UWM...Read More
Connecticut Hard-Money Lender Readies Five-Year Paper December 18, 2020 Paul Muolo Through the first three quarters of 2019, Sachem has earned $6.6 million.Read More
A Mortgage M&A Boom in 2021 or Wishful Thinking? December 17, 2020 Paul Muolo This year, mortgage bankers were making too much money and pushed aside the thought of selling. Next year might be a different story...Read More
Not Happening: Fannie and Freddie Out of Conservatorship by Jan. 20 December 17, 2020 Paul Muolo and Dennis Hollier As the clock winds down on the Trump White House, the GSE regulator continues to pull levers. Just not the big one. Credit: Steve Mnuchin.Read More
Grapevine: A First for FCI / Assessing Hard Money December 17, 2020 Paul Muolo Hard-money servicer FCI is looking for more MBS assignments and is hopeful about 2021. Meanwhile: concerns over bids in the scratch-and-dent market?Read More
Subservicers Continue Their Strong Growth, but For How Long? December 17, 2020 Paul Muolo Subservicers continue to benefit from the keep-and-hold strategy being employed by small- to medium-sized shops. (Includes data chart.)Read More