The FHFA proposal, however, could spell trouble for certain nonbank servicers with limited resources.

An official involved in the non-agency MBS market said it’s easier to sell private placements than it is to meet requirements for publicly registered deals

The DBO request for proposal asks that applicants for the Ocwen contract state whether they – or any affiliates – have done any consulting work for the servicer.

On loans with LTVs ranging from 90 percent to 95 percent, for example, GSE pricing was better for all borrowers with credit scores over 620. But things are different now.

Wells Fargo was the largest Fannie/Freddie servicer at yearend with $791.0 billion, followed by Chase Home Finance ($429.1 billion) and Bank of America ($260.4 billion).

Issued late this week, the latest guidance provides a new option for reverse mortgage lenders...

Global strategist Peter Schiff, who predicted the housing bust of 2007, sees danger ahead in the U.S. housing market.

The FHFA is spending much of its time studying both the liquidity of servicing rights and the operational capacity of GSE servicers.

Mortgage vendors usually see their fortunes rise and fall based on loan origination volume, but don’t tell that to DocMagic, which is consolidating its hold in the document preparation business. In a year in which residential production fell 34 percent, the Torrance, CA-based DocMagic grew its client base to 7,500, a gain of 1,000 in just over 12 months. The privately held doc prep/software company doesn’t generally disclose revenue figures, but according to ...

Titan Capital Solutions has branched out from its jumbo correspondent investor niche into the scratch-and-dent market to take advantage of new business opportunities arising from repurchase demands and loans that aren’t qualified mortgages. The Denver-based correspondent investor has begun purchasing loans rejected by Fannie Mae and Freddie Mac and private investors due to information, document and compliance errors. Historically, “scratch-and-dent” ...