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Delinquencies at Large Servicers Rise Ever So Slightly

August 24, 2016
Brandon Ivey
The nation’s three largest residential servicers – Wells Fargo, Chase and Bank of America – all showed sequential increases in late payments...
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Trade Groups with Nonbank Members Ask the CFPB: How About Us?

August 24, 2016
Carisa Chappell
Not only are CHLA and CMLA unhappy with the lack of representation, they want the CFPB to form a “Community Mortgage Banking Advisory Council...”
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Short Takes: Not Everyone Loves the New Fannie, Freddie Application / Okay, Who Bought the Subprime Deals? / PennyMac Gets Repo Line from JPM / MountainView Selling MSRs / Apps Fall

August 24, 2016
Paul Muolo
One source said that in the Angel Oak transaction, bidding started with eight investors…
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New GSE Application Allows for Cell Phone Numbers, Email Address, More. Industry Applauds

August 23, 2016
Paul Muolo
Regarding the omission of cell phone numbers and email addresses, one Florida-based mortgage executive said, “It drove us crazy – of all things not to have in this day and age.”
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The Final Tally: Nonbanks Battered by MSR Accounting in 2Q16

August 23, 2016
John Bancroft
Nine nonbanks reported a combined net loss of $339.5 million on mortgage-banking activity for 2Q16, but that was actually an improvement...
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CMC Warns About FDCPA, Fears Servicing Costs Will Rise Even More

August 23, 2016
Paul Muolo
The CMC – which represents several large commercial banks – calls the FDCPA an “antiquated and poorly drafted" statute...
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Short Takes: A 25 Percent Chance Uncle Sam Will Lose the GSE Lawsuits / Risk-Sharing Depletes Shareholder Value / Former Fannie CEO Mudd Settles with SEC / Mudd’s Second Act Didn’t Last Long / A New Hire for Closing Corp.

August 23, 2016
Paul Muolo
KBW believes all the GSE risk-sharing deals will “put further pressure” on the long-term value of the stocks of Fannie and Freddie…
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Mortgage M&A Activity Continues Apace; Eight Deals in Two Months

August 22, 2016
Paul Muolo
Meanwhile, it’s anticipated that private equity firms could play an even larger role...
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Fannie Reclaims (Some of the) Share it Lost in First-Time Homebuyer Market

August 22, 2016
John Bancroft
By itself, the FHA insured 37.1 percent of first-timer business in the first half of 2016…
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MBA’s ‘Profit’ Falls Ever So Slightly; Revenues Increase Along With Salaries

August 22, 2016
Paul Muolo
The top revenue generator for MBA was membership dues at $18.24 million. Its annual convention took in $7.5 million while all other conferences generated revenue of $17.70 million.
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