Ocwen Turns Profit as CFPB Declines to Appeal Court Loss August 3, 2023 Brandon Ivey Ocwen's income received a $28 million boost from “favorable adjustments to significant legal and regulatory settlement expenses.”Read More
Mixed Results for Black Knight, ICE in Second Quarter August 3, 2023 Brandon Ivey The mortgage market was "weaker than expected" in the second quarter, according to Black Knight's executive chairman.Read More
Short Takes: Freddie Assessing Tax Transcripts / GSEs Also Downgraded / New Non-Agency MBS / HUD Increases Outreach on Appraisal Bias / Terra Property Trust Improves Offer August 3, 2023 Brandon Ivey Freddie Mac improves income verification options for self-employed borrowers.Read More
Profits Jump at Rithm; Capital Requirements a Tailwind August 2, 2023 Brandon Ivey The real estate investment trust expects to benefit from higher capital requirements for large banks.Read More
Short Takes: Applications Decline / Ishbia: CFPB is Great / Fitch Downgrades US / Credit Union Groups to Merge August 2, 2023 Brandon Ivey Applications for purchase mortgages fell to a level last seen in early June.Read More
Two Harbors Swings to Profit in Second Quarter August 1, 2023 Brandon Ivey Two Harbors recovered after a large loss in the first quarter.Read More
Short Takes: Trade Groups Win Against CFPB / Sale on Non-QMs / A Mortgage and Life Insurance August 1, 2023 Brandon Ivey ABA and Texas ABA members win a delay on compliance with the CFPB's data collection requirements on small business lending.Read More
Rocket Appoints Intuit Leader as CEO July 31, 2023 Brandon Ivey Varun Krishna will also be CEO of Rocket Mortgage.Read More
Short Takes: Cenlar Still Working on OCC Consent Order / ‘Tipping Point’ for Homeowners / New Law Firm July 31, 2023 Brandon Ivey The OCC entered into a consent order with Cenlar in 2021.Read More
Trade Groups Highly Critical of Capital Proposal July 28, 2023 Brandon Ivey The proposal could reduce banks’ participation as single-family and commercial/multifamily lenders, servicers, and providers of warehouse lines and mortgage servicing rights financing, according to the MBA.Read More