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Inside Mortgage Finance

November 3, 2022

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Nonbanks Relentlessly Grow Share in 1-4 Family Servicing

As a group, nonbank servicers are growing faster than depositories. But some of the biggest gains in the third quarter were by banks, and a number of nonbanks shrank their portfolios. (Includes three data charts.) Read More

As Year Draws to a Close, MSR Bidders Get Pickier

It had to happen eventually: The sale of bulk MSR portfolios has lessened noticeably in the fourth quarter, with some buyers actively low-balling their bids. And if rates fall to 5.5% next year, as some predict, the days of asset markups will be in the rearview. Read More

Bidders Line Up to Pick at the FoA Retail Carcass

Some of the nation's largest direct-to-consumer lenders are taking a peek at FoA’s retail network to see if they can pick up some ancillary locations. FoA is in the midst of a massive and costly restructuring brought on by the production downturn. Read More

Jury Deliberations Begin in Fairholme v. FHFA

After years of court maneuvers, the most prominent of the Fannie Mae/Freddie Mac shareholder lawsuits finally went to trial. Now it’s in the hands of a jury. Read More

FGMC Moves Forward With Liquidation Plans

Attorneys for First Guaranty Mortgage Corp. and its creditors met in a U.S. Bankruptcy Court in Delaware this week. The first step in the resolution: selling some of the company’s MSRs. Read More

A Republican HFSC Is Expected to Focus on Banking Regulators

Rep. Patrick McHenry (R-NC), who is likely to chair the House Financial Services Committee if Republicans win control of the House, is a frequent critic of the Consumer Financial Protection Bureau. Read More

Grapevine: The Fed Has Spoken / Departing the Industry…

Not a total surprise, but the central bank hiked short-term rates by 75 basis points this week. Mortgage rates hardly budged but residential finance professionals are worried about the quarters ahead. Meanwhile, more lenders are heading for the exits. Read More

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