Are the Non-Agency COVID-19 Forbearance Numbers Reliable? July 24, 2020 Brandon Ivey In general, the nature of the non-agency market makes it difficult to standardize practices across the industry, let alone in individual MBS. Read More
CFPB Settles With Foreclosure Relief Firm for $3M July 24, 2020 Yemeng Yang The CFPB said Certified Forensic Loan Auditors charged each customer $1,495 upfront prior to providing any services.Read More
Dems Worry About OCC’s COVID-19 Preemption July 23, 2020 Yemeng Yang The OCC last month issued several bulletins on federal preemption, including one on states’ foreclosure moratoria... Read More
Court Rules in Favor of RoundPoint, Allows M&A Lawsuit Against Freedom to Proceed July 23, 2020 Paul Muolo Freedom's proposed acquisition of RoundPoint Mortgage has turned into a legal mess...Read More
Another Quarterly Loss for New Residential, Originations Suffer July 22, 2020 Paul Muolo NRIC’s mortgage banking affiliate, NewRez, funded $8.3 billion of residential loans in 2Q20, a sequential decline of 27.2%...Read More
The Pandemic Effect: A New Record High in Consumer Complaints July 21, 2020 Yemeng Yang The mortgage sector, which has been saddled with pandemic-related forbearance issues, has fallen off the complaint curve...Read More
On the IPO Circuit, Next Up: Caliber? July 21, 2020 Paul Muolo Will Quicken's IPO be a one-and-done? Opinions differ... Read More
Mortgage Forbearance Cases Drift Lower Despite Increasing Infections, Economic Uncertainty July 20, 2020 Even loans that fall into the “other” category (portfolio and private-label loans mostly) dropped: 10.41% from 10.93% on July 5.Read More
CoreLogic Tells Takeover Bidder No (For Now) July 20, 2020 Paul Muolo Cannae’s chairman is William Foley, who also continues to serve as non-executive chairman of title insurance giant Fidelity National Financial and executive chairman of Black Knight Financial…Read More
Data Reveals a Shift From Servicing-Released to Servicing-Retained July 20, 2020 John Bancroft The top five servicers saw a combined 2.8% drop in MSRs...Read More
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