Seth Sprague, CMB

Over 25 years of Mortgage Banking experience with focus on providing strategic solutions related to mortgage servicing and originations

[Seth Sprague, CMB @sethspraguecmb]

#Mortgage originator and #mortgageservicers are faced with a unique set of #liquidity challenges as we enter the second half 2023. Proposed changes to #bank capital standards are likely to impact the overall mortgage eco-system including #mortgageorigina…https://t.co/fbLYPPAzpD

[Seth Sprague, CMB @sethspraguecmb]

Planet Home Lending, LLC continues to expand it #mortgage originations by acquiring the majority of the assets of Platinum Home Mortgage Corporation (NMLS ID #13589). As the industry continues to struggle to find volume due to a l…https://t.co/yPWbAA90kc https://t.co/Sp0rMJQVUV

[Seth Sprague, CMB @sethspraguecmb]

Interesting #mortgageorigination data from ATTOM, showing the sharp decline in the volumes of #mortgages originated (both purchase and refinance) in the first quarter of 2023, a material decline in #HELOCs volumes for the last seve…https://t.co/HeNBwzyQ6o https://t.co/XYRCrtMmc3

[Seth Sprague, CMB @sethspraguecmb]

Non prime #mortgage lender fixed $4.25 million for #cybersecurity violations. https://t.co/8O5G5DB65I

[Seth Sprague, CMB @sethspraguecmb]

With so much focus on #mortgagerates, the #mortgageservicing area had a record year in 2022 in terms of #servicng cash flows. It is always important to review the overall #mortgage strategy in light of the current overall market conditions. https://t.co/1AF6aZtZ2c

[Seth Sprague, CMB @sethspraguecmb]

Mr. Cooper to acquire Homepoint and acquires $84 Billion #MSR portfolio, Homepoint operations will be shut down after the deal closes. https://t.co/F6hBwcYkDJ

[Seth Sprague, CMB @sethspraguecmb]

Federal Housing Finance Agency rescinds Debit to Income ratio as part of the new LLPA role outs for Fannie Mae and Freddie Mac loans. https://t.co/pR9EdBZcNW

[Seth Sprague, CMB @sethspraguecmb]

2022 #HMDA Dashboards are now available at Richey May, a great source of #mortgage data https://t.co/6v2ekILNaX

[Seth Sprague, CMB @sethspraguecmb]

It was a great pleasure to reconnect with @DavidLykken at the Lenders One Mortgage Cooperative event earlier this year and to discuss #mortgage and #mortgageservicing trends on Lykken on Lending. https://t.co/rTcnTAT7f7

[Seth Sprague, CMB @sethspraguecmb]

Freddie Mac announces new custodial account rules for #mortgageservicers https://t.co/zS29jg4OhF

[Seth Sprague, CMB @sethspraguecmb]

It is great to be part of the talented team at Richey May and it is wonderful they support my efforts to teach for the Mortgage Bankers Association #SOMB program. I have have the pleasure of teaching several thousand #mortgage professionals over the year…https://t.co/fgXknNg0q5

[Seth Sprague, CMB @sethspraguecmb]

Interested in learning more about the MSR Market and what’s happening in 2023? Tune in to the Texas Mortgage Bankers Association webinar on April 20th where I will be on a panel discussing the current state of the #MSR market inclu…https://t.co/F073IVmz8u https://t.co/dKQ6iuPKcf

[Seth Sprague, CMB @sethspraguecmb]

Federal Housing Finance Agency announces enhanced payment deferral to allow Fannie Mae and Freddie Mac #mortgage borrowers facing financial hardship to defer up to six months of mortgage payments. #mortgageservicers have a volunta…https://t.co/1gBDiBr44y https://t.co/p8lFyET70T

[Seth Sprague, CMB @sethspraguecmb]

Nice overview of the spring #homepurchase season by @DianaOlick of CNBC. As #mortgageoriginators are counting on strong spring and summer #mortgagepurchase seasons, however as the article points out, #housinginventory is about ha…https://t.co/hlqQfb9FUv https://t.co/cYk5h5fe4A

[Seth Sprague, CMB @sethspraguecmb]

Federal Reserve Bank of New York released a survey showing that #households expect #mortgagerates to be above 8% a year from now. https://t.co/FiwAtgH2MS

[Seth Sprague, CMB @sethspraguecmb]

Latest data from CoreLogic Case Shiller LLC shows the continued trend of slowing #housing appreciation. Values are still 3.8% year over year but home values in the west are being impacted for than the east. As #mortgageoriginato…https://t.co/53vzs21VsO https://t.co/o1Fs0gIUCt

[Seth Sprague, CMB @sethspraguecmb]

Latest data from the Mortgage Bankers Association shows a dismal fourth quarter of 2022 for #mortgage companies. As Marina Walsh, CMB points out, the Q4 results show a 99 bps pre-tax production loss and only 25% of #mortgagefirms…https://t.co/GAkvwAbf9g https://t.co/OWedEM9MQJ

[Seth Sprague, CMB @sethspraguecmb]

Federal Housing Finance Agency announces a delay to the #dti risk based #LLPAs fees until August 1st, 2023. The #mortgage industry was concerned about its ability to implement within the initial timeframe. The delay allows more t…https://t.co/J2xXamMp9C https://t.co/o9ceSOGCo7

[Seth Sprague, CMB @sethspraguecmb]

Guild Mortgage continues to be active in the #mergersacquisitions space with its acquisition of Cherry Creek Mortgage, LLC. As the #mortgage industry continues to struggle with volatile #mortgagerates , the opportunity to acquire…https://t.co/vfa8bU7t56 https://t.co/MRIGI0Q4Sp

[Seth Sprague, CMB @sethspraguecmb]

CMG Financial acquires the retail #mortgage division of Homebridge Financial Services, Inc. in the latest #mergersandacquisitions news. As the #mortgageindustry continues to face the headwinds of low #housinginventory, increasing…https://t.co/KWZ0C48KG3 https://t.co/wRO7RT3nLC