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Inside Mortgage Finance
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Fear and Loathing in the Ginnie Mae MSR Market; The ‘MIP’ Factor?

June 29, 2016
Paul Muolo
There’s a growing concern about price discounts on Ginnie servicing rights, and a strong belief that the agency is once again getting anxious about so many nonbanks being such large players in the market.
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FHFA Examiners Worry About Inability of GSEs to Build Capital; Risk-Transfer Costs a Concern Too

June 29, 2016
Carisa Chappell
FHFA examiners suggest that eventually Fannie and Freddie could have a negative net worth position once the capital buffer falls to zero…
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Mortgage Complaints Held Steady in Third Place in May

June 29, 2016
Thomas Ressler
Ocwen experienced the greatest percentage decrease in average monthly complaint volume from the first quarter of 2015 to 1Q16. Then again, Ocwen's servicing portfolio has been shrinking.
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PennyMac SVP of Business Development Bolts for Think Tank; Bright Worked for Sen. Corker

June 29, 2016
Paul Muolo
During his career, Bright has worked for Sen. Bob Corker, who supposedly is on Donald Trump’s short list of VP candidates…
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Commercial Banks Report Uptick in Mortgage Repurchases

June 29, 2016
John Bancroft
Fifth Third Bank ranked second in repurchases in the call-report data with $93.9 million…
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Short Takes: Walter Extends ‘Poison Pill’ Plan / What? / Large Positions in a Money-Losing Company / Why Mortgage Applications Fell, an Explanation / Nice Increases for Prosperity Mortgage

June 29, 2016
Paul Muolo
Among those reporting higher application volume is Prosperity Mortgage, the residential lending arm of realty giant Long & Foster...
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FHFA Eager to Expand ‘Credit Risk Transfer’ Deals, Launches New Comment Period

June 29, 2016
Paul Muolo and Carisa Chappell
FHFA officials said they favor transactions that are repeatable and scalable.
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Subservicing Keeps Growing as Regulatory Headaches Force MSR Owners to Cut Costs and Outsource

June 28, 2016
Paul Muolo
Subservicing firms now process roughly 16.3 percent of all home mortgages in the U.S., the highest reading since Inside Mortgage Finance began publishing these data two years ago.
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Correspondent Purchaser on the Hook for Fannie AU Fees Tied to One of Its Sellers

June 28, 2016
Brandon Ivey
In the end, the court blamed NAMC, the firm buying the mortgages from GFS on a correspondent basis…
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A Warning from the CFPB: Mortgage Servicers Could be Legally Responsible for the Activities of Service Providers

June 28, 2016
Thomas Ressler
Residential servicers should note a greater emphasis in exams on the handling of consumer complaints…
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