Short Takes: Delinquency Trends Could Turn / Affordability at Lowest Point in Decades / How Much is a Multifamily Business Worth? September 25, 2023 Brandon Ivey Delinquency rates may be nearing cycle lows...Read More
Ginnie Gains Servicing Share in Second Quarter September 22, 2023 John Bancroft Ginnie Mae continued to set the pace in the agency single-family servicing market as its outstanding MBS rose 2.1% to $2.270 trillion.Read More
Bank Capital Requirement Proposal Would Squeeze Nonbanks September 22, 2023 Brandon Ivey There's an interplay between how the proposal would impact larger banks and the effects on nonbank mortgage companies.Read More
CFPB Making Progress on Revisions for Loss Mitigation September 21, 2023 Sam Manas “Our goal is to basically find a way to preserve that flexibility to allow streamlined tools and servicing,” said Mark McArdle, assistant director of mortgage markets at the CFPB.Read More
Short Takes: Applications Increase / BBB Rating for HEA Securitization / Chase Securitizing Old RPLs / Altisource Branches Out Into HECM REOs September 20, 2023 Brandon Ivey Applications increased even as interest rates ticked up.Read More
Short Takes: ‘Mild’ Recession Expected / Waiting for Lower Rates / Few Loans in Forbearance September 19, 2023 Brandon Ivey Soft landing or mild recession...Read More
Steady but Slow Growth for the Nation's Subservicers September 18, 2023 Paul Muolo Sweeping M&A activity was expected in the subservicing sector...Read More
PennyMac (the REIT) Moves to Sell Debt September 18, 2023 Paul Muolo As for how much cash the REIT might raise and at what interest rate, that’s unknown at the moment.Read More
Nonprime Servicing Portfolios Increase in Second Quarter September 15, 2023 James Dohnert Select Portfolio Servicing was far and away the largest servicer of nonprime mortgages in the second quarter.Read More
Startup Looks to Match Homebuyers With Assumable Mortgages September 14, 2023 Brandon Ivey Tim Mayopoulos, a former CEO of Fannie Mae, is advising Roam.Read More