MSR

The sector’s leaders are hoping for better in 2021, while not forgetting lessons learned about the market’s risks in 2020.

With the 10-year Treasury yield getting a boost due to Pfizer’s COVID-19 vaccine news this week, KBW predicts insurers and title underwriters will fare best as recovery continues.

How we resolve millions of delinquent mortgages due to COVID is the only question that matters.

The company had lower losses on its mortgage servicing rights investments compared with the second quarter.

Hint: It's not all about the money. Company leadership enumerates the intangible benefits of going public.

The pandemic has turned stress-testing around liquidity from theory into an actual case study. And while lenders shore up their cash reserves, they explain why many have been hesitant to take advantage of Ginnie Mae's Pass-Through Assistance Program.

Minus various expenses including corporate, legal and servicing rights valuation, Ocwen had adjusted pretax income of $13.5 million.

The company expects to get between $17 and $19 per share.

The agreement with Florida ends the saga that began in April 2017, when several states sued the company. However, the CFPB's case filed at the same time remains active.

Called it a better all-around process for United Wholesale Mortgage to become a publicly traded company.

Weeks after Rocket Cos. launched its own IPO, the wholesaler is merging with a special-purpose acquisition company in a deal that values it at over $16 billion.

The only rational strategy for holding MSRs is to be very aggressive on protecting the servicing assets via loan recapture. This is one of the chief reasons that banks have been willing to give up their share in lending and servicing as they collapse back to retail-only lending strategies.

Only 18% of refinance borrowers returned to the same lender in the second quarter, the second lowest rate since 2005.

The post was vacant since Kristy Fercho left to run Wells Fargo Home Loans in July.

Nearly half of the second-quarter volume came from its existing customers.

If it makes landfall as a Category 3 storm as was initially projected, damage from Hurricane Laura's surge could potentially devastate 432,810 residential properties in Texas and Louisiana, according to CoreLogic.

Freedom Mortgage's acquisition of RoundPoint Mortgage Servicing gives it a MSR portfolio of over $300 billion.

The number of loans going into coronavirus-related forbearance decreased for the ninth consecutive week, according to the Mortgage Bankers Association.

Its stock price, which slid since day two of trading, opened 10% on the earnings news.

The number of loans going into coronavirus-related forbearance was down for the eighth consecutive week, as the growth rate fell 23 basis points between July 27 and August 2, according to the Mortgage Bankers Association.