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Home » Topics » Inside Mortgage Finance » Servicing

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MountainView Selling $3.6 Billion Fannie Mae MSR Portfolio

June 1, 2018
Paul Muolo
The seller of the portfolio, who was not identified, wants to complete the transaction by July 31.
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The GSEs in Conservatorship: Sure Doesn’t Seem Like It

June 1, 2018
John Bancroft
“We’re partnering with external firms to understand and anticipate their needs,” said Freddie Mac official Kevin Palmer…
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What We’re Hearing: Making Lemons out of Lemonade / Mortgage Brokers Trim Staff / A RIF at Movement Mortgage / The FHFA-OCC Connection / Conventional Lenders Eyeing the Non-QM Market? / A Tech Firm Looked at NSM

June 1, 2018
Paul Muolo
Although some conventional lenders are struggling with lower volumes, Angel Oak and Citadel Servicing Corp. are humming along...
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Surprise: Citizens (a Bank) Agrees to Buy 19th Largest Originator FAMC for $511 Million

May 31, 2018
Paul Muolo
A commercial bank buying a large mortgage company? Yes, indeed...
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Citizens Bank Agrees to Buy Top-Ranked TPO Lender FAMC for Just 1.1-Times Book

May 31, 2018
Paul Muolo
Roughly 95 percent of FAMC's production comes from brokers and correspondents, according to Inside Mortgage Finance...
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Tepid Increase in Subservicing Contracts During 1Q18. But Three Wild Cards Come Into Play: PHH, Ocwen and Ditech

May 31, 2018
Subservicers increased their base of contracts to $2.19 trillion in the first quarter, a modest 3.3 percent sequential gain, according to survey figures compiled by Inside Mortgage Finance. Compared to the same period a year earlier, contracts increased by 15.3 percent. [Includes one data chart.]
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Castle & Cooke Mortgage Sold to CEO Adam Thorpe and Eli Global

May 31, 2018
Paul Muolo
Based in Durham, NC, the privately held Eli Global has insurance assets and tries to keep a low profile.
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Short Takes: Mel Watt’s Successor May Be… / Morgan Stanley had a Role in the FAMC Deal / Consolidation Nation? / A New MBS from Redwood / New Hires for Home Point

May 31, 2018
Brandon Ivey and Paul Muolo
The consolidation tidal wave approaches ... or maybe not...
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Short Takes: Time to Cut Pay for Loan Officers? / Something Has Got to Give / New Rez Readies Non-Agency MBS / Ocwen CFO Resigns / Calyx Hires Sales Chief

May 30, 2018
Brandon Ivey and Paul Muolo
loanDepot CEO Anthony Hsieh: “Something’s got to give."
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CFPB Chief Mulvaney Emphasizes What the CFPB Cannot Do

May 30, 2018
Yemeng Yang
Mulvaney signaled his intention to send more CFPB guidance to elected officials for congressional review.
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