Slipping Away: Jumbo Servicing Balances? June 23, 2021 Brandon Ivey Flagstar Bank stood out with a 25.2% jump in jumbo servicing.Read More
CFPB Policy Agenda Excludes Move to Define ‘Abusiveness’ June 23, 2021 Lisa Burden The bureau also had dropped its pursuit of two rulemakings under the Home Mortgage Disclosure Act.Read More
Banks Still the Largest Hog at the MBS Trough June 22, 2021 John Bancroft Banks may have ceded the residential lending game to nonbanks but they certainly love the end product...Read More
A Trip to the Debt Well for Freedom Mortgage June 22, 2021 Paul Muolo With rates headed south once again, debt issuance by nonbanks could get one last run...Read More
HECM Production Remains Elevated in 1Q21 June 21, 2021 American Advisor Group was once again the top HECM lender in the nation, originating $1.17 billion of product in 1Q21...Read More
Subservicers Keep Gaining but Worry About Forbearance June 21, 2021 Paul Muolo On the surface, the numbers indicate a steadily growing and profitable niche, but...Read More
Nonbanks Continue to Gain in MSRs, Feasting on Agency Product June 17, 2021 Paul Muolo A trend that's not going away: When it comes to owning MSRs, banks have other ideas...Read More
Loan Repurchases Spike Higher in Bank Mortgage Bank Units June 16, 2021 John Bancroft Most of the jump in bank repurchases in early 2021 came from USAA Federal Saving Bank...Read More
Home Mortgages Playing a Larger Role at SoFi June 15, 2021 Brandon Ivey In 1Q21, the San Francisco-based SoFi originated $735.6 million of mortgages, accounting for 28.9% of total loans produced.Read More
As a Profit Center, Servicing Turns a Corner as Production Profits Recede June 15, 2021 John Bancroft Much of the improvement came from three large nonbank servicers: Rocket Companies, Mr. Cooper Group and New Residential Investment...Read More
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