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Home » Topics » Inside Mortgage Finance » Servicing

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Banks Seek Looser Capital Standards for MSR

January 5, 2018
Federal regulators’ efforts to simplify bank capital requirements relating to mortgage servicing rights don’t go far enough, according to industry participants. The institutions that the proposal is aimed at want even less stringent capital requirements, and large banks want to be included in the loosening. In October, federal banking regulators proposed simplified capital treatment for various assets, including mortgage servicing assets. The proposal would largely apply to banks with ...
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GOP Tax Bill Will Boost GSE Earnings by $3 Billion. However…

January 4, 2018
Paul Muolo
And now for the bad news: The lower corporate tax rate will force Fannie and Freddie to write down the value of their deferred tax assets by $15.3 billion…
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Incenter Out with Another MSR Offering, This One for $3 Billion

January 4, 2018
Paul Muolo
The delinquency rate on the MSR portfolio is 1.02 percent...
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Short Takes: Senate GSE Bill Due Out This Month? / But Will it Pass? / The Unstoppable LendingTree / Mortgages and the Weed Trade? / Hamilton Hires Former Wells-JPM-Freddie Exec to be CEO

January 4, 2018
Paul Muolo
When Fannie and Freddie request a fresh draw of taxpayer funds from Treasury to deal with their DTA "problem," it will poison the well for conservative Republicans...
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FHA Nominee Montgomery Has to Resubmit Financials. A March Seating?

January 3, 2018
Paul Muolo
Like scores of other Trump appointees, a final vote on Montgomery’s nomination as assistant secretary for Housing was not acted upon by yearend…
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IMA Launches First MSR Auction of the New Year

January 3, 2018
Paul Muolo
The seller will consider separate bids on the conventional and government portions…
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PHH Will Pay $45 Million to Settle State Servicing Allegations

January 3, 2018
Paul Muolo
PHH Mortgage is in the process of transforming into a subservicing specialist.
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Short Takes: Morgan Stanley and PHH? / Share Price? / Subservicing Rules the Roost / Embrace Hires Legal Affairs Chief / A Name Change for Mortgage Lending Services

January 3, 2018
Paul Muolo
At Sept. 30, 2017, PHH had a total servicing portfolio (including subservicing contracts) of $162.7 billion...
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First California Mortgage Still Operating?

January 2, 2018
Paul Muolo
FCM is headed by Chris Hart, who is also a member of Fannie Mae’s western region advisory board.
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Short Takes: Pickup Picks Up the Pace on Impac Buys / Buy Low, if You Can Get It / Stolen GSE Money? / No Longer ‘Distressed’ / New AI Chief Starts his Term

January 2, 2018
Paul Muolo
Richard Pickup, a real estate investor by trade, owns more than 10 percent of Impac…
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