Cash In Hand, UWM Reassesses Its Role in the MSR Market January 25, 2021 Paul Muolo CEO Mat Ishbia said the $925 million the firm garnered from Friday’s transaction gives the nonbank solid options when it comes to growth.Read More
CFPB Complaints for 2020 Paint a Portrait of Discontent January 24, 2021 Andras Malatinszky The CFPB's year of discontent? Mortgage-related complaints declined 7.9% from the third to the fourth quarter but increased 9.2% overall in 2020.Read More
Agency MSR Transfers Spike. Chief Reason: Freedom’s Acquisition of RoundPoint January 24, 2021 Total MSR transfers – including bulk deals and coissuance transactions – more than doubled from the third quarter, hitting $188.11 billion. However...Read More
In 4Q, Banks Didn’t Exactly Rise to the Mortgage Occasion January 21, 2021 Paul Muolo The nation’s top six depositories funded a combined $139.3 billion of mortgages in the fourth quarter of 2020, down both sequentially and on an annual basis.Read More
White House Names Interim CFPB Director: Uejio January 21, 2021 Lisa Burden Uejio first started at the bureau in 2012. He has held several positions with the agency, including lead for talent acquisition.Read More
Mortgage Production Cools Off at Flagstar in 4Q20 January 21, 2021 Brandon Ivey Flagstar's production and profit margins declined in the fourth quarter, though the bank increased MSR sales and warehouse lending... Read More
Short Takes: Coming (Sort of) Soon: A 30% Market Share for Loan Brokers? / Still Hiring / Another Milestone for Broker Employment / FHFA Stays Busy January 20, 2021 Paul Muolo and Dennis Hollier According to figures compiled by the U.S. Bureau of Labor Statistics, loan brokerage firms now employ 109,800 full-timers...Read More
Mortgage Lending, Profits Fall at U.S. Bank January 20, 2021 Paul Muolo Mortgage banking earnings fell to $478 million at the Minneapolis-based bank from $543 million in the third quarter... Read More
The Winners of Quicken’s $25B MSR Portfolio: Ocwen and Freedom January 20, 2021 Paul Muolo Also, Guaranteed Rate peeled off a $13 billion chunk of receivables...Read More
GNMA PTAP Program Headed for the Sunset January 19, 2021 Maria Volkova To the surprise of some, the program wasn’t heavily used by nonbank MBS issuers...Read More
RSS