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Home » Topics » Inside Mortgage Finance » Servicing

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New MSR Deals From Phoenix Capital, MountainView Servicing Group

March 2, 2017
Paul Muolo
The MountainView package has no delinquencies, average FICO scores of 753 and a weighted average LTV of 72 percent.
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Senate Confirms Ben Carson as New HUD Secretary. Next Up: FHA Commissioner…

March 2, 2017
George Brooks
Now that Carson is official, it's time to pick an FHA commissioner...
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Short Takes: PennyMac Files to Sell Preferred Shares / A Nice Dividend for Investors / Brian Wornow the Head of FinServ for KBW / Layoffs at a Mortgage Wholesaler? / Prestwick Selling Freddie MSRs

March 2, 2017
Paul Muolo
Recently, KBW hired Wall Street veteran Brian Wornow as managing director in charge of its financial services group...
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Mortgage Servicing Compensation Is an Issue That Won’t Die; Now Treasury May Weigh In

March 2, 2017
With servicing costs climbing the past five years, the issue of how much to pay residential loan processers is once again rearing its ugly head. And depending on who you talk to, the Treasury Department may take up the issue as well, especially since it controls the senior preferred stock of Fannie Mae and Freddie Mac. One industry advisor involved in the topic, speaking under the condition his name not be used, told...
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Industry Participants Push to Include Servicing Reforms in Broader Housing Reform Efforts

March 2, 2017
As policymakers work toward housing finance reform, industry participants are forming plans to ensure that servicing issues are addressed. The Urban Institute’s Housing Finance Policy Center recently launched the Mortgage Servicing Collaborative, which will provide data on servicing issues and analyze possible solutions. “We are...
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Non-Agency MBS Issuers Caution Against Certain Dodd-Frank Rollbacks; They Like the Legal Protection of the ATR

March 1, 2017
Brandon Ivey
SFIG Executive Director Richard Johns suggested that instead of removing requirements for risk-retention, policymakers could provide capital relief for issuers that retain risk on their securities, rewarding “good behavior.”
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Altisource Residential Posts $228 Million Loss for 2016; CEO Calls It a ‘Strong’ Year

March 1, 2017
Paul Muolo
Altisource Residential said its goal is to build a large portfolio of SFRs “targeted to operate at a best-in-class yield.”
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Short Takes: So, You Want to be an LO? We Can Train You / Quicken Targets Cash-out Refi Market / Can You Live on 25 Basis Points? / Key RESPA Webinar Next Week / Some History on PHH

March 1, 2017
Paul Muolo
How much do LOs working at call centers earn per deal? We heard that some shops pay as little as 15 to 25 basis points...
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Caliber Home Loans Agrees to Buy Lending, Servicing Assets from Banc of California

March 1, 2017
Paul Muolo
In late January, Steven Sugarman, who built the bank into a well-regarded regional lender, resigned as CEO.
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Picking up a Head of Steam: Congressional Interest in GSE Reform?

February 28, 2017
Brandon Ivey
However, GSE reform will require a bipartisan effort and already other priorities are developing…
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