Mr. Cooper Feeling a Bit More Bullish About 4Q21. EBOs Help… December 1, 2021 Paul Muolo Mr. Cooper also revealed the sale of its reverse unit should close by Dec. 31...Read More
Banks' Mortgage Banking Income Rebounds in 3Q21 November 30, 2021 Call-report data suggest the industry saw gains on both servicing and loan sales...Read More
MSR Transfer Pipeline Clogged with Too Many Deals November 29, 2021 Paul Muolo Bottom line: The demand for product has never been better — thanks to rising interest rates, slowing prepayments and institutional investors hunting for yield.Read More
Banks Grow Portfolios of Loans Serviced for Others November 29, 2021 John Bancroft Truist Bank boosted its SFO accounts by $20.12 billion during the third quarter...Read More
Continued Gains for Jumbo Servicing Portfolios November 24, 2021 Brandon Ivey First Republic Bank also stands out among the 30 companies: Its jumbo servicing portfolio increased by 4.2%...Read More
Short Takes: Applications Flat / Delinquencies Decline / HUD's Vaccination Rate / Another Legacy Non-Agency MBS Settlement / Thanksgiving Break November 24, 2021 Brandon Ivey Mortgage originations held steady despite an uptick in interest rates.Read More
Up for Grabs: A $1B Ginnie Portfolio. But Can You Close by Yearend? November 23, 2021 Paul Muolo The package is top-heavy in California product at 27%. Florida is next at 17%...Read More
IMA Rolls Out Fannie/Freddie MSR Offering November 19, 2021 Paul Muolo Looking to buy mortgage servicing rights? You're not alone...Read More
Feds, States Reinstate Pre-COVID Mortgage Servicing Rules November 19, 2021 Sam Manas Although back to flexing their regulatory muscle, the agencies have promised a take a more nuanced approach...Read More
Bulk MSR Deals from IMA and Phoenix November 16, 2021 Paul Muolo With yearend approaching, more MSR auctions are expected...Read More
RSS