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Home » Topics » Inside Mortgage Finance » Servicing

Servicing
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IMA and Phoenix Capital Hit Market with New MSR Deals

February 13, 2017
Paul Muolo
Phoenix Capital is offering a private jumbo MSR portfolio sized at $216 million…
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The Benefits of Owning Fannie/Freddie Preferred Stock Over Common

February 9, 2017
Paul Muolo
The two GSEs were placed in conservatorship in September 2008 by Treasury and the Federal Housing Finance Agency. At the time, their common and junior preferred shares were considered worthless.
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Thanks to Booming Online Retail Sales, Certain Malls With Departing ‘Anchor Tenants’ Are Suffering

February 9, 2017
Paul Muolo
How bad is it? Since 2010, liquidations amounting to $3.89 billion led to $2.88 billion in CMBS losses, a 74.0 percent loss severity.
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Consumers Still Complaining About Mortgage Servicing Practices to the CFPB

February 9, 2017
Thomas Ressler
Complications tied to making payments (loan servicing, payments, escrow accounts), were identified by 33 percent of consumers filing a complaint.
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BlackRock Executive Craig Phillips Could Play a Role in GSE Reform

February 9, 2017
Paul Muolo
Phillips, managing director of financial markets/client solutions at BlackRock, is well known in MBS circles for his early days at First Boston…
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Short Takes: Time to Sell GSE ‘Juniors’? / Bruce Berkowitz, True Believer / What Fannie, Freddie and Sears Have in Common / Whatever Happened to Sears Mortgage? / Texas Capital Accumulating MSR Assets / First Franklin Settles FHA Charges

February 9, 2017
Paul Muolo
Besides the GSEs, one Fairholme’s most speculative investments is Sears Holdings Corp., the struggling retailer…
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Many Metro Markets Witnessed Record Home Price Highs in 2016, Distressed Sales Down

February 9, 2017
Home prices in 2016 soared as a number of metropolitan areas reached record new home price highs, according to ATTOM Data Solutions’ yearend report on home sales. Among 201 metropolitan statistical areas with populations of at least 200,000, 44 percent hit new all-time home price peaks last year. Those areas include Dallas-Fort Worth ($230,571), Houston ($214,795), Atlanta ($181,000), Boston ($390,000) and San Francisco ($720,000). Three Ohio markets, Cincinnati, Columbus and Dayton, also reached...
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The CFPB Focuses on a Traditional Interpretation of RESPA Violations

February 8, 2017
Thomas Ressler
The CFPB said Prospect Mortgage entered into agreements to buy leads from more than 200 different counterparties, most of which were real estate brokers.
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Mortgage Hiring Increased in December, but Several Lenders are Taking a ‘Wait and See’ Approach

February 8, 2017
Paul Muolo
CMG Mortgage founder and CEO Chris George said that when it comes to hiring he's mostly in a "holding pattern" right now, with exceptions...
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Short Takes: Fix & Flip Lender Targets Multifamily Sector / Branching Out Into Florida / No Word on Carson and His Deputy / New Rez Tests ABS Market / Fed General Counsel Alvarez Announces Retirement

February 8, 2017
Paul Muolo and Brandon Ivey
The full Senate could vote on the Ben Carson nomination next week...
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Latest Imf News

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