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Home » Topics » Inside Mortgage Finance » Servicing

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Tax Reform a Mixed Bag for Housing Industry: Lower Mortgage Deduction and Some Lobbying Victories

December 21, 2017
Congress approved significant reforms to federal tax policies this week, which will include a number of changes for the housing industry.
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Ginnie Mae Still Powering Growth in Agency Servicing, Nonbank Surge Cooled Off in 3Q17

December 21, 2017
Ginnie Mae remained the fastest-growing component of the single-family servicing market dur-ing the third quarter of 2017, expanding at roughly twice the speed of the overall market, according to a new Inside Mortgage Finance ranking and analysis.
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States Increasingly Requiring MSR Investors to Obtain Licenses, GSEs Require Compliance with State Laws

December 21, 2017
State regulators are increasingly requiring investors in mortgage servicing rights to get servicer li-censes even if they don’t perform any loan administration functions, according to industry lawyers.
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Short Takes: Freddie Mac Might Avoid a Treasury Draw / Exigent? / This is Just the Beginning / The Big Winners: Holders of GSE Junior Preferred / Paying Your Mortgage via Alexa / IMFnews Publishing Break

December 21, 2017
Paul Muolo and Brandon Ivey
Washington Analysis believes the FHFA/Treasury move is a “clear positive for shareholders in the GSEs, particularly holders of junior preferred shares..."
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Meanwhile ... More Lenders Reveal Hiring Plans for 2018

December 20, 2017
Paul Muolo
The number 15th ranked Fairway Independent Mortgage wouldn’t provide a hiring estimate but CEO Steve Jacobson said, “We’re always open minded about opportunities.”
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Movement Mortgage Plans to Add 700-Plus Workers at its HQ Over the Next Five Years

December 20, 2017
Brandon Ivey
Movement was founded in 2008 and has grown from four employees to more than 4,300…
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Nation’s Third Largest Lender Quicken Sells $1B-Plus of Debt at an Attractive Yield

December 20, 2017
Paul Muolo
Meanwhile, Quicken owner Dan Gilbert recently broke ground on a new skyscraper in downtown Detroit, which will cost roughly $900 million.
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Subservicing Contracts Gain Once Again with Nice Increases for Nationstar and PHH

December 19, 2017
Paul Muolo
At Sept. 30, roughly $2.09 trillion – or 19.9 percent of total residential mortgages outstanding – were being subserviced by a vendor that didn’t own the underlying servicing strip…
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Wells Fargo Promotes Mary Mack to Head Consumer Lending, in Addition to Leading the Community Banking Division

December 19, 2017
Brandon Ivey
Mack, a senior executive vice president at Wells, has been at the bank for 33 years...
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Democratic State AGs Bash CFPB’s Mulvaney, Threaten Aggressive Enforcement Action

December 19, 2017
Thomas Ressler
The state AGs expressed their concern over statements that Mulvaney has made about the role of the agency, particularly when he called it a “joke…”
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Latest Imf News

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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