MOVEIt Ransomware Attack Hits Mortgage Industry September 15, 2023 James Dohnert The MOVEIt ransomware attack has impacted as many as 1,172 companies, including mortgage lenders and servicers.Read More
Nonprime Servicing Portfolios Increase in Second Quarter September 15, 2023 James Dohnert Select Portfolio Servicing was far and away the largest servicer of nonprime mortgages in the second quarter.Read More
KBRA Pulls Back the Curtain on Rated Private ABS Market September 14, 2023 James Dohnert The market for rated private ABS has grown significantly in recent years, according to a new report from KBRA.Read More
Pagaya Plots Slate of ABS Moves, Bank Partnerships September 14, 2023 James Dohnert Pagaya has been growing its securitization capabilities as it sets its sights on partnerships with large banks.Read More
ARM Originations Lose Some Market Share in Second Quarter September 14, 2023 James Dohnert ARMs accounted for 13.8% of first-lien originations in the second quarter.Read More
Saluda Grade Ramps Up Home Equity Investments September 14, 2023 James Dohnert Saluda Grade has announced new funding for its HEI business and is set to issue a HELOC securitization.Read More
Change Lending Regains CDFI Status Following Court Order September 14, 2023 James Dohnert A judge determined that Change Lending will be able to provide loans as a certified CDFI until at least December.Read More
Interest Rates a Factor in Mortgage M&A Activity September 13, 2023 James Dohnert “I think a lot of companies bet late last year and early this year that rates would be materially lower by now than they are,” said Brian Hale, CEO and founder of Mortgage Advisory Partners.Read More
Expanded-Credit Originations Up in Second Quarter September 12, 2023 James Dohnert Expanded-credit mortgages accounted for 2.5% of total first-lien originations in the second quarter.Read More
Rocket Readies Another Closed-End Second-Lien MBS September 11, 2023 James Dohnert The MBS is top-heavy in loans from California, Florida, Georgia and North Carolina...Read More