Mortgage servicer and originator Onity Group reported a range of earnings estimates for net income to common shareholders that were stronger than previous quarter and year-ago periods despite a negative servicing line item. Processing Content Estimated net income to common shares ranged from $107 million to $131 million, improving on $18.7 million in the third […]
Onity’s earnings estimates improve despite servicing loss Read More »
The ever-growing amount of equity seniors hold in their current homes is likely contributing to another phenomenon, as more owners are passing their property onto their heirs, who are keeping it as a place to live. Processing Content Americans 62 and older as a group now hold $14.66 trillion of total equity as of the
Record senior equity shifts to heirs, not the open market Read More »
Long-standing plans at Ginnie Mae to enable loan-level servicing transfers in its mortgage-backed securities could move faster this year under its President Joseph Gormley. Processing Content “Ginnie Mae is increasing the velocity of the initiative to evolve its security platform from pool-level operation to loan-level,” the government guarantor wrote in its annual report, calling this
Ginnie Mae speeds up loan-level MBS overhaul Read More »