Mortgage Profits at Banks Increase in Second Quarter August 8, 2023 John Bancroft JPMorgan Chase led the industry with $274.0 million in mortgage fees and related income, a 22.9% boost from the first quarter.Read More
Short Takes: Mortgage Fair Housing Complaints Decline / Fewer Cash-Out Offerings / Plenty of Equity August 8, 2023 Brandon Ivey The National Fair Housing Alliance tracks complaints from fair housing organizations and government agencies.Read More
Chase Tops Servicers in Second Quarter August 4, 2023 John Bancroft Wells Fargo sold off servicing in the second quarter while Chase added to its portfolio.Read More
Servicing Props Up Guild’s Earnings in Second Quarter August 4, 2023 Brandon Ivey Lending remained unprofitable for the nonbank in the second quarter.Read More
Ocwen Turns Profit as CFPB Declines to Appeal Court Loss August 3, 2023 Brandon Ivey Ocwen's income received a $28 million boost from “favorable adjustments to significant legal and regulatory settlement expenses.”Read More
Profits Jump at Rithm; Capital Requirements a Tailwind August 2, 2023 Brandon Ivey The real estate investment trust expects to benefit from higher capital requirements for large banks.Read More
Two Harbors Swings to Profit in Second Quarter August 1, 2023 Brandon Ivey Two Harbors recovered after a large loss in the first quarter.Read More
Congress Divided on HUD Funding for FY 2024 August 1, 2023 Monica Hogan The House is seeking lower funding levels for HUD and a September deadline is fast approaching.Read More
FHA and VA Delinquencies Rise in Second Quarter July 31, 2023 Monica Hogan The uptick was more pronounced for FHA mortgages.Read More
FHA’s Face-to-Face Servicing Requirement Could Be Dropped July 31, 2023 Monica Hogan HUD noted that over the years many lenders have moved away from a model of local origination and servicing offices to more centralized operations.Read More
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