Freddie saw a huge gain in single-family servicing in early 2021, especially among nonbank servicers, while slumping FHA production led to a decline in Ginnie servicing. (Includes two data charts.) Read More
Last week, word began to leak out that Caliber Home Loans was talking to New Residential Investment Corp. about a deal. Turns out, the sale chatter was true. Read More
Though the CFPB wants to allow lenders to continue to use the patch for another 18 months, the PSPA requires Fannie and Freddie to cease buying patch loans as of July 1. Read More
The return to fair lending standards set in 2013 by the Obama administration but shelved by Trump will acknowledge there’s no room for discrimination in housing. Read More
Researchers looking at proprietary Freddie Mac data found that the wealthiest 10% of borrowers saved $5 billion more on their mortgage refinances in 2020 than all other borrowers combined. Read More
The megabank has agreed to pay $11.5 million to resolve a class action law-suit accusing it of violating state laws by failing to pay interest on funds held in mortgage escrow accounts. Read More
SoftBank places a $500 million bet on the digitization of residential finance by taking a stake in Better.com. Also, mortgage earnings season has begun. Read More