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Home » Topics » Inside Mortgage Finance » Servicing

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Industry Seeks Update from Banking Regulators on Basel, Tier I Capital and MSRs

August 8, 2018
George Brooks
At the very least, the MBA wants a timeframe from the regulators…
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Nonbank Market Share of Ginnie MSRs: 59.9 Percent and Growing

August 7, 2018
John Bancroft
Wells Fargo’s agency servicing volume dropped by $9.4 billion…
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Lobbying on the GSE Issue Moves from Congress to the Executive Branch

August 7, 2018
Paul Muolo
Earlier this year, Treasury Secretary Steven Mnuchin told the Senate Banking Committee he has the authority to restructure Fannie and Freddie without any change in law.
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PHH Continues to Sell Servicing Rights Ahead of Sale to Ocwen

August 7, 2018
Paul Muolo
In its earnings statement, PHH notes that Ocwen can terminate the acquisition if “available cash on hand falls below a prescribed amount…”
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Short Takes: R-E-S-P-E-C-T is What loanDepot CEO has for Zillow / Houlihan Lokey Advised Zillow / Shellpoint Shines / MBA Likes the Sandbox / A Handful of Promotions at PRM

August 7, 2018
Paul Muolo and Yemeng Yang
Anthony Hsieh of loanDepot: “Relax everyone. Competition is good."
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Secondary Market in Servicing Rights Gained Momentum in 2Q18

August 6, 2018
John Bancroft
In 2Q18, there was a huge increase in bulk Fannie MSR transfers…
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Wells Fargo Says It’s ‘Very Sorry’ About Calculation Error that Led to Foreclosures

August 6, 2018
Paul Muolo
Wells Fargo: “As a result of this error, approximately 625 customers were incorrectly denied a loan modification..."
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PennyMac Boosts Profit, Originations, Servicing – and Unveils Corporate Reorganization

August 3, 2018
Brandon Ivey
The lender/servicer also unveiled plans for a corporate reorganization that could triple the firm’s market capitalization rate…
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What We’re Hearing: Fannie Mae’s Next CEO Might Be… / Thanks Congress / Amazon Still in the Hunt? / The Top Gainer: Fairway Independent Mortgage / Talking to Ed DeMarco / Gateway Gets a New CEO

August 3, 2018
Paul Muolo
No wonder why Fannie and Freddie topped Business Insider’s list of the most profitable companies per employee…
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Secondary Market in Servicing Rights Gained Momentum in Second Quarter

August 3, 2018
Sales of agency mortgage servicing rights were up in the second quarter, mostly as a result of heavier coissuance volume, according to an exclusive new Inside Mortgage Trends analysis and ranking. Servicing rights on $129.57 billion of agency mortgages changed hands during the second quarter, up 6.4 percent from the first three months of the year. The data are culled on Fannie Mae, Freddie Mac and Ginnie Mae mortgage-backed securities ... [Includes three data charts]
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