One GSE-related question that hasn’t been answered yet: If a recap and release plan becomes a reality, will Congress end the $600,000 pay cap on GSE CEO compensation?
New Residential Investment Corp. is pulling an about-face, of sorts. After issuing new shares of common earlier in the year, it’s now embarked on a $200 million buyback program.
Thanks to lower rates, residential loan production is booming but some lenders are experiencing capacity issues because they didn’t staff up quickly enough. Hard to find a good loan processor? You bet.
The change is part of the agency’s continuing focus on risk management as its book of business continues its historic shift toward nonbank mortgage servicers that have come to dominate its $2.0 trillion-plus portfolio.
Mortgage M&A activity is on the light side these days. The reason: Home lenders are too busy originating new loans and reaping the profits. Unless rates spike, the situation is unlikely to change.