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Home » Topics » Inside Mortgage Finance » Servicing

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Banks Sharply Reduce Use of ‘Proprietary’ Loan Mods in 3Q15

December 28, 2015
Brandon Ivey
The banks completed 22,459 proprietary mods in the third quarter, down 25.4 percent compared with the previous quarter...
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More ‘Boomer’ Mortgage Executives Working Well Past Retirement Age?

December 23, 2015
Paul Muolo and Sherry Muolo
None of the executives interviewed by Inside Mortgage Trends could put hard numbers on how many executives have been sticking around the industry past 70 years of age, but none had a doubt that there were still plenty to be counted.
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FHFA Issues Final Rule on Suspensions Under ‘Counter-Party’ Program

December 23, 2015
Carisa Chappell
The final rule from the FHFA also simplifies the standard for issuing suspension orders...
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White Paper Raises a Thorny Issue: Could Fannie Mae Have Avoided Conservatorship?

December 22, 2015
Carisa Chappell
“It is likely that Fannie Mae could have survived the financial crisis without the intervention of the Treasury,” the authors argue.
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PHH Files S-3 With the SEC, Lays the Groundwork for Some Type of Securities Offering

December 22, 2015
Paul Muolo
However, the new PHH filing does not contain the names of any underwriters, dealers or agents.
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Group of 13 Major Mortgage Firms Posted Weak Production and Servicing Results

December 21, 2015
John Bancroft
The group’s combined production-related income fell a lot more than their actual origination volume, which was down 5.8 percent from the second quarter...
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Short Takes: Don’t Let Your LOs Prepare TRID Disclosures? / LO ‘Scorecards’ on the Rise? / REIT Sub Gets FHLB Membership / CoreLogic Buys Vendor for $475 Million / A New Hire for Home Point

December 21, 2015
Paul Muolo, Brandon Ivey, and Sherry Muolo
We’re hearing more chatter of mortgage lenders starting a loan officer “scorecard” approach to grading their salesmen and women...
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Servicing Market Posts Rare Second Straight Quarterly Gain, Nonbanks Keep Marching On

December 18, 2015
John Bancroft
The Ginnie Mae share of total mortgage debt outstanding hit a record 15.2 percent at September 30, according to exclusive survey figures from Inside Mortgage Finance...
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Merrill Lynch Renews PLS Contract with PHH – But This Time Around It’s a ‘Non-Exclusive’ Arrangement

December 18, 2015
Paul Muolo
The BofA spokesman, when asked by Inside Mortgage Finance whether the bank will deliver fewer loans going forward, declined to comment.
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Four More Rate Hikes Coming from the Federal Reserve?

December 18, 2015
Thomas Ressler
Initial industry reaction to the rate hike was muted. Late this week, mortgage rates hardly budged...
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