April 7, 2020By Dennis HollierFHFA: Fannie and Freddie Won’t be Financing MBS Servicers Anytime Soon; Industry Not HappyFHFA's stance has mortgage bankers perplexed, to say the least...
April 7, 2020By Paul MuoloShort Takes: Layoffs at Redfin / Garrett on What Nonbanks Need To Do / loanDepot Quite Busy / The Toilet Paper Analogy / Going ‘Neutral’ on Mr. CooperIn a recent posting on LinkedIn, loanDepot founder and CEO Anthony Hsieh noted that his nonbank is still funding loans, “lots” of them...
April 7, 2020By Paul MuoloA Major Spike in Pandemic-Related Forbearance Requests. Ginnie Mae Especially Hard HitMBA said its survey covers 22.4 million loans serviced…
April 7, 2020By Paul MuoloServicers Will Have to Cough Up $22B to MBS Investors. Reason: Missed Mortgage Payments
April 6, 2020By Paul MuoloShort Takes: Servicing Forbearance Figures Won’t be Pretty / Others? / The Milbank FHFA Contract / Fannie, Freddie Common / Stocks and Bonds
April 6, 2020By Paul MuoloMr. Cooper Discloses Large MSR Mark for 1Q20, Provides Early Look at COVID-19 Forbearance
April 4, 2020By Paul MuoloCoalition of 15 Trade Groups Issues Saturday Plea for Liquidity Mechanism for MBS Servicers
April 3, 2020By Paul MuoloShort Takes: Assistance for Nonbanks? Yes or No? / Big Trouble by Early May? / In the Queue / A Record Quarter for UWM / Ocwen’s Progress