Ginnie Poised to Hike Capital Requirements for MBS Issuers July 13, 2021 Paul Muolo Ginnie has been working on the change in requirements for well over a year...Read More
Mortgage Bankers Add Jobs, Brokers Trim Their Ranks July 9, 2021 Paul Muolo “You can cut people in five minutes but if you need to rehire them, you’re going to have a tough time getting them back,” said industry consultant Paul Hindman.Read More
ORIX Top Multifamily MBS Servicer in Ginnie Market July 8, 2021 John Bancroft ORIX, now operating as Lument, serviced $21.22 billion of GNMA multifamily MBS at the end of May, or 15.5% of the market... Read More
Quicken Expected to Offload MSRs in a Hot Market July 8, 2021 A stampede to sell MSRs in the third quarter? That's what the dealmakers are expecting...Read More
Mr. Cooper Selling Off its Reverse Mortgage Servicing Business July 6, 2021 Brandon Ivey The sale of the Champion Mortgage reverse mortgage servicing portfolio allows Mr. Cooper to focus on its core business and improve profitability.Read More
Short Takes: Home Price Appreciation at 2005 Levels / Forbearance Rate Flat / Many Borrowers Extending / Saluda Grade Capital Raise July 6, 2021 Brandon Ivey Annual home price appreciation in May hit a level last seen in 2005...Read More
CFPB Takes a Look at Asian American and Pacific Islanders in the Mortgage Market July 2, 2021 Lisa Burden
Home Point’s Shares Test 52-Week Low, Nonbank Targeted by Law Firm July 1, 2021 Paul Muolo Hell hath no fury like a shareholder who's sitting in a pool of red ink. Then again, the mortgage industry has seen these type of lawsuits before...Read More
FHFA Drops LTV Restrictions on Loan Modifications June 30, 2021 How many consumers will seek a modification due a COVID hardship remains to be seen. Forbearance readings continue to drop...Read More
Short Takes: Still in the Cards: A Government-Run Credit Bureau? / CFPB Cites Legal Violations / Office Locations a Problem / Foreclosure Issues Too June 30, 2021 Lisa Burden The CFPB says most mortgage branches are located in predominantly white neighborhoods...Read More