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Home » Topics » Inside Mortgage Finance » Servicing

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Ginnie Issues Warning to Servicers, Some Could be Terminated for High Delinquencies

February 2, 2018
John Bancroft
New agency guidance makes clear that issuers are expected to make an ongoing investment in servicing capability…
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CFPB Consolidates and Restructures Fair Lending Enforcement Apparatus

February 2, 2018
Paul Muolo
CFPB Senior Advisor John Czwartacki said: “The bureau’s statutory mandate includes the supervision and enforcement of fair lending laws and regulations … the bureau will continue to perform those functions.”
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Walter’s $5 Million CEO Tony Renzi to Depart. No Successor Named

February 2, 2018
Paul Muolo
Among servicers, Ditech ranked 11th at Dec. 31, according to figures compiled by Inside Mortgage Finance.
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What We’re Hearing: Interest Rate Armageddon? / Sucking Pond Water? / Tony Renzi’s February Surprise / A Raise for Ginnie Mae Staffers / Investors Unite Weighs in on the Corker Bill (Not Happy) / Mnuchin’s GSE Plan

February 2, 2018
Paul Muolo
Investors Unite is not happy...
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Nonbanks Reach Another MSR Milestone: A 43 Percent Market Share Among the Top 50

February 1, 2018
John Bancroft
The $3.42 trillion of servicing held by nonbanks was up 20.7 percent from December 2016…
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Short Takes: Mortgage Trouble at SoFi / Thin Margins / Ex-Fannie Mae Worker Indicted / Mortgage M&A in New England / A New Hire for Bay Equity Home Loans

February 1, 2018
Paul Muolo
One executive familiar with SoFi’s residential business said the company is operating on razor thin profit margins…
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Busy MSR Market Helped Shape Top Servicer Ranking in 2017, But Trends Remained Steady

February 1, 2018
A robust market in mortgage servicing rights reinforced ongoing trends shaping the home-loan servicing business in 2017, a new Inside Mortgage Finance ranking and analysis reveals.
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Mortgage Servicers Spell Out Continued Concerns With Bankruptcy Provisions of CFPB Servicing Rules

February 1, 2018
The mortgage servicing rules promulgated by the Consumer Financial Protection Bureau continue to be a source of headaches for many in the industry, particularly in the context of bankruptcy proceedings. Late last week, the Consumer Mortgage Coalition wrote CFPB Acting Director Mick Mulvaney, detailing three of its primary concerns in this regard.
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FHA Issues Disaster-Related Waiver for Early-Payment Default Reviews

January 31, 2018
George Brooks
Due to the string of natural disasters, FHA anticipates an increase in EPDs…
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PHH CEO Robert Crowl Gets a New Contract, Could Earn $2 Million-Plus This Year

January 31, 2018
Paul Muolo
Over the past two years, PHH has sold off large chunks of its MSR portfolio, while remaining as the subservicer of record…
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