Depository institutions continued to pull back from the business of servicing home loans for other investors during the first quarter of 2018, but the rate of withdrawal appeared to slow, according to a new Inside Mortgage Finance ranking and analysis. [Includes two data charts.]
Investment bankers that make a market in flow servicing rights increasingly are worried about the role Fannie Mae and Freddie Mac play in the space and are beginning to wonder if the two government-sponsored enterprises are creeping beyond their charters.
Eli Global is hardly a household name in residential finance, but the privately held investment firm aims to be a player in the industry by purchasing mortgage companies and running them as separate entities.
President Trump this week nominated a little-known White House budget official to run the Consumer Financial Protection Bureau, effectively allowing Mick Mulvaney to stay as the agency’s acting director, possibly until 2020.
Ginnie Mae is working on a process that would allow it to accept digital promissory notes and other digitized loan files, in addition to traditional paper mortgages, as eligible collateral for its securities, according to a white paper the agency issued this week.
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