Nonbanks Gobble Up More of the Agency Servicing Market in Early 2018; Growth Spurts at Ginnie Mae April 19, 2018 The steamship that is the nonbank share of the mortgage servicing market showed no signs of changing course in the early months of 2018, a new Inside Mortgage Finance analysis reveals. [Includes two charts.]Read More
Nonbanks Continue to Gobble Up More of the Agency Servicing Market April 19, 2018 John Bancroft Nonbank servicing of agency MBS has nearly doubled since March 2014… Read More
FHFA Under Pressure to Act More Like a Bank Regulator with Fannie & Freddie April 19, 2018 Carisa Chappell Republican congressmen generally agreed with the IG’s recommendations and raised additional concerns about mission creep at Fannie and Freddie…Read More
Surprise: Ron Faris to Retire from Ocwen; Former PHH CEO Messina Named His Successor April 19, 2018 Paul Muolo Faris is a 27-year veteran of Ocwen, a publicly traded nonbank launched several decades ago by former GE Capital executive Bill Erbey.Read More
MBA: Lower Lending Profits, and Fewer Firms Making Money April 18, 2018 Paul Muolo An ominous sign: 80 percent of mortgage companies surveyed earned a pre-tax financial profit for the year, compared to 94 percent tin 2016.Read More
Short Takes: FHFA IG Issues Heavily Redacted Report on GSE Cybersecurity / Ditech Worries about Cybersecurity / IBM Says Nothing About Seterus (Again) / What’s in a Title? Off with Their Heads! April 18, 2018 Paul Muolo and Carisa Chappell As a practice, IBM rarely says a word about Seterus... Read More
Complaints Filed with the CFPB Surged in 1Q18 April 18, 2018 Yemeng Yang Acting CFPB Director Mick Mulvaney is considering removing the CFPB complaint database from public view…Read More
MBA Casts the Net Far and Wide for New Chief. Jeb Hensarling? April 18, 2018 Paul Muolo The way things stand today, those finalists include at least two industry veterans…Read More
Mortgage Industry Sees Promise in Blockchain Technology. Ranieri Enters the Space… April 18, 2018 Brandon Ivey MISMO noted that blockchain is based on digitized, distributed ledgers…Read More
Strong 1Q Earnings for MGIC, but NIW Declines; Freddie’s IMAGIN Pilot Gets a Mention… April 18, 2018 Paul Muolo In 1Q18, MGIC wrote $10.6 billion of new MI policies compared to $12.8 billion in 4Q17 and $9.3 billion in the first quarter of last year.Read More
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