In Limbo: The Future of Select Portfolio Servicing June 12, 2023 Paul Muolo Roughly $1.6 billion in advances were attached to the portfolio.Read More
Jumbo Sector Takes a Hit in First Quarter June 9, 2023 John Bancroft Jumbo lending held up relatively well in 2022 as interest rates increased. That trend ended in the first quarter of 2023.Read More
Short Takes: Foreclosures Increase / Affordability Improves / Upgrades for Velocity’s MBS June 9, 2023 Brandon Ivey Foreclosure filings increased in May.Read More
Jumbo Servicing Portfolios Grow Somewhat in First Quarter June 8, 2023 James Dohnert Limited prepayment activity it helping to prop up jumbo servicing portfolios.Read More
Sprout Settles With Ex-Employees for $3.5 Million June 7, 2023 Sam Manas The former non-QM lender settled four class actions brought by former employees.Read More
Rise in Gig Economy Income an Opening for Lenders June 7, 2023 James Dohnert Gig economy income can help potential borrowers qualify for a mortgage, with some complications.Read More
Figure Ramping Up HELOC Securitization June 6, 2023 James Dohnert Figure Lending's newest MBS will include recently originated first- and junior-lien home equity lines of credit with an unpaid principal balance of $205.4 million.Read More
Short Takes: Chase’s $200 Offer; Home-Price Appreciation Outlook; Non-QM MBS; Balbec’s Scratch-and-Dent Deal June 6, 2023 Brandon Ivey In certain areas, Chase is offering mortgage shoppers $200 to consider a mortgage from the bank.Read More
A Not-So-Bad Decline in 1Q23 EC Production June 5, 2023 Brandon Ivey The top three expanded-credit volume leaders in 1Q23: Citibank, U.S. Bank and Deephaven...Read More
To Boost Non-QM Lending, Educate Loan Originators June 2, 2023 James Dohnert “MLOs don’t want to touch non-QM if they don’t have to,” said Aaron Samples, the former CEO of First Guaranty Mortgage.Read More
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