Prepayments Continue to Drive Ginnie Mae Removals April 28, 2021 John Bancroft Servicers also repurchased $20.22 billion of delinquent loans from Ginnie MBS in the first quarter, or 9.3% of total removals.Read More
Nation’s Third Largest Servicer Mr. Cooper Blames Vendor for ‘Unauthorized’ Withdrawals April 28, 2021 Paul Muolo Mr. Cooper's vendor blamed the withdrawal snafu on a "processing issue."Read More
Commercial Banks Eke Out Lending Gains for 1Q. Next Up: The Nonbanks... April 27, 2021 This early tally — five of the seven typically rank among the top 20 lenders in the nation — suggests the mortgage originations train was holding steady on the tracks, though anecdotal evidence suggests the steam is dissipating. Read More
NYCB Moves to Swallow a Big Mortgage Fish: Flagstar April 26, 2021 Paul Muolo Interestingly, NYCB, which reduced its presence in home lending long ago, will now be a major player once again.Read More
Short Takes: Shifting to a Purchase Market / FHA Small-Dollar Mortgage Bill Moving Through Congress / Mixed Forbearance Numbers / New Non-Agency Mortgage Conduit April 23, 2021 Brandon Ivey A rise in purchase-mortgage lending this year won't offset deflated refi volume ...Read More
Plush with Stunning Profits, Mortgage Firms Boost Donations April 23, 2021 Lisa Burden Lenders both large and small are giving back to their communities. Credit the refi boom of 2020?Read More
For Sale: A Rare Ginnie Package. More MSRs to Come? April 23, 2021 Paul Muolo A thaw is in the air when it comes to auctioning off Ginnie Mae servicing rights...Read More
SFA Drafts Reporting Standards for Non-Agency MBS Servicers April 22, 2021 Brandon Ivey The voluntary standards are in response to complaints from non-agency MBS investors regarding disclosure of loan performance amid the pandemic. Read More
State Regulators Scaling Back Proposed Standards for Large Nonbank Servicers April 21, 2021 Brandon Ivey CSBS plans to reduce the subjectivity in standards for large nonbank servicers or potentially drop the standards altogether.Read More
Agency Delinquency Rates Decline Sharply in 1Q21 April 20, 2021 John Bancroft The combined overall delinquency rate for Fannie and Freddie dropped to 2.57% at the end of March... Read More