Atlantic Bay Mortgage Group recently started offering its loan originators a unique option in terms of compensation: a share of the servicing fee. More than 90 percent of loan originator compensation plans are based on an LO’s volume, according to surveys conducted by Stratmor Group. Atlantic Bay’s Progressive Earnings Plan allows LOs to earn an annuity stream of income from mortgages when the lender retains the servicing. Rebecca Chaney, a senior executive vice president of legal affairs at Atlantic Bay, likened...

The motivations of buyers and sellers in the mortgage servicing market appear to be at odds, and sellers are hoping for some sort of buyer conversion to light up the market and get more deals. At the Ginnie Mae Summit last week, panelist Michael Ehrlich, senior mortgage specialist at Thomson Reuters, indicated that sellers are itching to see more mortgage servicing rights deals but there are not too many buyers lining up. “The demand from sellers to sell is...

Meanwhile, other lenders said they are hearing reports of correspondent originators slowing down the sale of closed loans to Wells.

However, Georgetown University professor Adam Levitin is challenging the findings of his DC-area colleagues.

The Redwood CEO said the MBS offer a number of benefits to Chase, including effectively cutting the guaranty fee…

Ginnie Mae wants to make sure that issuers are not selling all their good loans and retaining the potential dregs…

In addition, HUD proposes to vary its owner-occupancy requirement…

A decade ago, PHH Mortgage had several suitors, including Countrywide Financial, which once coveted its private-label business…

Closing the fund means that Perry Capital will have to liquidate its holdings – including its positions in Fannie and Freddie...

Among the top 20 VA lenders, just six depositories made the cut: USAA, Navy Federal, Wells Fargo, Flagstar Bank, The Federal Savings Bank and North American Savings Bank…