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Home » Topics » Inside Mortgage Finance » Servicing

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Walter Investment Posts $101 Million Loss for 3Q; Originations Increase 13 Percent

November 9, 2016
Paul Muolo
Walter also agreed to sell $5 billion in servicing rights to New Residential Mortgage LLC.
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Trump Wins. Will Fannie and Freddie be Privatized?

November 9, 2016
Paul Muolo
In a Trump administration it's possible Fannie Mae and Freddie Mac would would face more competition and have less of an economic edge over non-GSE rivals, said Cowen & Co.
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Industry Reps Ask CFPB for Clarification on Mortgage Servicing Rules

November 9, 2016
Thomas Ressler
One item they’re asking for is confirmation that servicers may send bankruptcy statements before the regulation’s effective date...
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Supreme Court Justices Appear Willing to Rule in Favor of Miami in Controversial Fair Housing Act Case

November 9, 2016
Brandon Ivey
The attorney for the lenders faced scrutiny from some of the liberal-leaning justices on the Supreme Court, including Justices Ruth Bader Ginsberg, Elena Kagan and Sonia Sotomayor
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Short Takes: Don’t Look Now but GSE Share Prices are Soaring / Trump Understands the GSEs? / Really? / Advising Trump on Housing Issues Are… / PHH Posts Loss, Will Bolt the PLS Business

November 9, 2016
Paul Muolo
Thanks to Trump, speculators who bought GSE shares on Tuesday are cleaning up today...
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Two Harbors Dumps Ginnie Mae Servicing Portfolio

November 8, 2016
Paul Muolo
Two Harbors invests in a variety of mortgage assets including MBS, whole loans, MSRs and commercial mortgages.
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PHH Shocker: Nonbank Will Exit the PLS Business; Agrees to Sell Ginnie MSRs to Lakeview; Posts $27 Million Loss for 3Q16

November 8, 2016
Paul Muolo
CEO Messina added: “We are continuing to evaluate possible additional sales of our remaining MSR portfolio and to evaluate the best course of action for our real estate and servicing platforms, which we expect to complete by the end of January 2017.”
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Florida Supreme Court Sets Precedent Favoring Servicers in Foreclosure Case

November 7, 2016
Brandon Ivey
Almost six years after the initial foreclosure complaint was filed, the same borrower was facing a subsequent foreclosure action due to another default on the mortgage…
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Phoenix Selling Almost $400 Million of GSE Servicing Rights

November 7, 2016
Paul Muolo
The MSRs that Phoenix is trying to sell have a 30-day delinquency rate of 0.2 percent with no foreclosures.
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Short Takes: A Decent Quarter for Stonegate? / A Move Toward TPO / FGMC Seeks LOs for Goodmortgage.com / Garrett’s Role in HomeBridge Deal / Freddie Prepares New HLS

November 7, 2016
Paul Muolo and Brandon Ivey
Not too long ago, Stonegate Mortgage began deemphasizing retail in favor of correspondent and wholesale...
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