The Gain-on-Sale Boom is Over. Now What? February 24, 2021 Paul Muolo According to Inside Mortgage Finance, some of the GOS declines suffered by individual shops have been steep, to say the least.Read More
State Regulators Plan Streamlined Exams, Will Finish Standards for Servicers February 24, 2021 Brandon Ivey State regulators plan to launch a "one company, one exam" pilot for nonbank mortgage companies and issue standards for servicers...Read More
Higher Originations, Lower Net Earnings for Mr. Cooper. MSR 'Mark' at 100 BPs February 23, 2021 Paul Muolo Mr. Cooper originated $24.5 billion of mortgages, a handsome 56.2% improvement from 3Q20.Read More
Ocwen’s Overseas Headcount Declines Year-Over-Year February 22, 2021 Paul Muolo Ocwen: “Of our foreign-based employees, more than 70% were engaged in our servicing operations"... Read More
A Sequential Setback in 4Q20 but Banks Post Stellar MB Income for FY February 21, 2021 John Bancroft The final lap brought year-to-date earnings to $22.52 billion, a 66.3% gain from 2019.Read More
IPO-Bound Lender Selling ‘Flow’ MSRs February 18, 2021 Paul Muolo At a time when servicing values are firming up, Caliber is looking to sell product...Read More
A Sequential Profit Drop for loanDepot but Shares Rally February 18, 2021 Talk about a rollercoaster ride: loanDepot came out at $14 a share last week and at one point almost reached $40. Read More
AZ Bank in $1 Billion Deal to Buy Nation's Third Largest Correspondent Lender February 16, 2021 Paul Muolo Back in fall, the privately held AmeriHome announced its intentions to go public.Read More
Forbearance Tally Lowest Since April of Last Year February 16, 2021 Paul Muolo MBA cited improvements in Fannie Mae/Freddie Mac and Ginnie Mae loans as the driver behind the better readings.Read More
FHA/VA Foreclosure and Eviction Moratoriums Extended Once Again February 16, 2021 Maria Volkova The new timeline moves the moratorium's expiration from March 30 to June 30...Read More