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Home » Topics » Inside Mortgage Finance » Servicing

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Industry Groups Oppose CFPB Proposal to Add Survey to Consumer Complaint Database

October 12, 2016
Thomas Ressler
Under the proposal, consumers can rate a company’s response on a scale from one to five…
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IG Audit: Ginnie Mae Left Hundreds of Uninsured Loans in MBS Pools

October 11, 2016
George Brooks
Ginnie Mae requires that all loans in its MBS pools have federal insurance or a federal guarantee.
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Short Takes: Investors Shrug at PHH Court Victory? / Life Will Go on at the CFPB… / Compass Point Says ‘Sell’ JPM / FBR Drops Coverage on USB, Three Others / New Hire for Starkey Mortgage

October 11, 2016
Paul Muolo
No huge gains for PHH's share price...
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Left on the Table by ‘Big Blue’: Promontory MortgagePath and Promontory Interfinancial

October 10, 2016
Paul Muolo
One mortgage insurance official who used Promontory Financial Group in the past described the firm’s work as “excellent,” but noted: “They don’t come cheap.”
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BLS: Mortgage Brokerage Jobs Up, Mortgage Banking Jobs Down

October 10, 2016
Paul Muolo
The hiring picture looks bright for now – at least for mortgage brokerage firms…
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Bank Selling ‘Flow’ Servicing That Could Reach $600 Million a Year

October 10, 2016
Paul Muolo
Based on past production trends of the seller, 52 percent of the loans originated will come through the correspondent channel.
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Short Takes: Wells Fargo, Still the Number One Ginnie Issuer … for Now / Who Will Replace Ibrahim at Radian? / Clayton in the News / The GSE Net Worth Sweep: What did President Obama Know?

October 10, 2016
Paul Muolo
Who will succeed S.A. Ibrahim at Radian? We've heard two names...
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MBS Investing REIT Annaly Continues Review of Pingora Loan Servicing; Observers Say the MSR Unit Is a Keeper

October 7, 2016
Annaly Capital Management, the nation’s largest real estate investment trust specializing in the residential MBS market, continues to take a close look at one of its more recent acquisitions, Pingora Loan Servicing, with no word yet on its plans for the unit. Annaly took control of Pingora this past summer when it officially closed on the purchase of Hatteras Financial, the parent of the servicer. Before the purchase, Annaly had...
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New Residential Issues ABS Backed by Excess Spread from Mortgage Servicing Rights on Non-Agency Mortgages

October 7, 2016
Affiliates of New Residential Investment this week issued a $345.0 million ABS backed by excess spread from mortgage servicing rights on non-agency mortgages. The deal appears to be the first of its kind to receive a credit rating. Morningstar Credit Ratings assigned a BBB rating to NRZ Excess Spread-Collateralized Notes 2016-PLS2. With MSRs, excess spread consists...
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What We’re Hearing: The Best Place for an LO? Answer: At a Nonbank / How Wells Fargo Grades its LOs / Remember FM Watch? / Jump? How High? / Pingora Continues to Buy MSRs / The Revolving Door at Clayton / Wornow and Hughes Land

October 7, 2016
Paul Muolo
Want to make more money? Go work for a nonbank. Want better job security? Work for a depository...
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