Conventional-conforming lending still accounted for over half of first-lien originations in early 2019, but the sector also saw the biggest rate of decline from the previous period. Booming refi business helped the jumbo market. Read More
The National Association of Realtors this week picked apart FHFA's plan to recapitalize the GSEs and release them from conservatorship. NAR, by the way, favors a model where the GSEs are morphed into shareholder-owned utilities.
The total mortgage delinquency rate among large mortgage servicers in March was at the second-lowest level in the post-crisis era. A number of factors are contributing to strong loan performance.
Pretium Partners, a fund managed by former Goldman Sachs official Don Mullen, is reportedly in talks to buy non-QM lender Deephaven Mortgage. Will a deal come off? Deephaven has Goldman ties as well in the form of CEO Matt Nichols, a former alum of the white-shoe investment banking firm.
We're halfway through the second quarter and MSR sales are middling, a byproduct of lower interest rates and what may lie ahead. However, dealmakers believe 2H could bring a boom in sales activity.
FHA has proposed revisions to its lender certification requirements and defect taxonomy in a bid to provide lenders and servicers greater certainty in how to meet the agency's compliance standards.
New Jersey recently passed licensing requirements for mortgage servicers, taking the tally to about 40 states. More than 20 states also have licensing requirements for investors in servicing.