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Home » Topics » Inside Mortgage Finance » Servicing

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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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Dever, Iannicola Latest Additions to Short List for CFPB Director. Or Maybe Jerry Buckley?

January 30, 2018
Thomas Ressler
“Jerry Buckley would fit the bill perfectly,” said one industry lobbyist...
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Investors in Walter Get a Sweet Deal: a 9 Percent Note Rate

January 30, 2018
Paul Muolo
According to a new SEC filing, the unsecured notes previously matured in 2021 and carried a yield of 7.88 percent.
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Short Takes: Mnuchin Says Treasury Remains Committed to GSE Reform / The 30-Year FRM Must Survive / More Private Capital, Yes / Thomas Marano’s New Problem to Solve: Walter / After 25 Years, Exec Bolts PHH for Home Point

January 30, 2018
Paul Muolo and Carisa Chappell
Mnuchin said the 30-year FRM cannot survive without Fannie and Freddie...
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GSE Reform Draft (#29) Lays Out a New Mortgage Market with a Federal Guarantee but Private Capital; FHFA and Ginnie in Charge; Treasury Can’t Sell GSE Stock

January 30, 2018
Paul Muolo
Treasury would be barred from selling or disposing of “any senior preferred shares, any interest in the warrants, any common shares acquired upon the exercise of the warrants, or any other equity interest that were acquired pursuant to the Senior Preferred Stock Purchase Agreement.”
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Ginnie Keeping a Close Eye on How Much Risk is Acceptable

January 29, 2018
George Brooks
Ginnie may require offenders to recalibrate their high-risk portfolio to more acceptable risk levels…
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PIMCO in the Throes of Restructuring FGMC, Installs New President

January 29, 2018
Paul Muolo
One advisor familiar with the situation called the hiring of Samples and a recent batch of layoffs at FGMC, “a clean sweep of the corporate suite.”
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