Correspondent volume was unchanged from the fourth quarter, although a handful of companies grew their shares of the channel and others pulled back. (Includes six data charts.)
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Some of Marlin Mortgage Capital’s management team, including CEO Andrew Weber, hail from MSR-hungry New Residential. And that’s a good thing because MMC has an appetite all its own for servicing rights.
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Two months after buying AmeriHome Mortgage, WAB is carving up its massive servicing portfolio and selling chunks to the highest bidder. What’s going on? Profits, for one.
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Data confirm that forbearance and income support during the pandemic reduced serious delinquency rates. Economists say deferrals and home price increases should help keep them down.
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