Short Takes: Morgan Stanley Preps Non-QM MBS / New Reverse Chief for Fairway / NYCB Rebrands / New Mortgage Servicing Software February 22, 2024 James Dohnert NYCB takes on the Flagstar name across both brands.Read More
Up for Grabs: A $3.1B MSR Package, Dominated by California Product February 20, 2024 Paul Muolo The portfolio is top heavy in California product...Read More
House Republican Slams VA’s Loss-Mit Plan February 16, 2024 Monica Hogan “You’re not doing this program without my permission,” said Rep. Derrick Van Orden, R-WI.Read More
Short Takes: Government Servicing Effort at MISMO / Housing Activity Slows / How Do Escrows Work? / Ratings for RTL Securitization / Publishing Break February 16, 2024 Brandon Ivey FHA, VA, Ginnie Mae and USDA are working with MISMO on a new servicing dataset.Read More
Bank Income From Mortgage Operations Down in 4Q February 15, 2024 John Bancroft Among 27 publicly owned banks, 20 saw income fall in the fourth quarter, and five recorded losses for the period.Read More
Congress Ponders Risks From AI in Housing Market February 15, 2024 Monica Hogan Congress must examine AI carefully, to determine “whether AI is extending and reinforcing biases, and how it has the potential to correct them,” according to Sen. Tina Smith, D-MN.Read More
Short Takes: Applications Down Somewhat / Foreclosures Increase / Fitch Affirms Servicer Ratings at PHH / New CEO at Sagent February 14, 2024 Brandon Ivey Demand for both purchase mortgages and refinances declined as interest rates ticked up.Read More
Short Takes: NewRez Stands Out Among Servicers / CES Securitizations / MBA Warns on Rent Control / Multifamily Property Insurance Symposium February 13, 2024 Brandon Ivey NewRez received a "star" rating from Fannie Mae for general servicing, solution delivery and timeline management.Read More
Marlin Ready to Branch Out Into Ginnie Servicing February 12, 2024 Paul Muolo At yearend, Marlin owned roughly $43.87 billion in Fannie/Freddie MSRs...Read More
Cardinal, Others Test the MSR Sale Waters February 12, 2024 Paul Muolo Increasing prepayment speeds shouldn’t mar the servicing asset in the current quarter...Read More