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Home » Topics » Inside Mortgage Finance » Servicing

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PIMCO Looking at Buying a Mortgage Company?

July 1, 2015
Paul Muolo
As the holiday weekend approached, representatives from PIMCO's media department had not returned telephone calls and emails on the matter.
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Short Takes: More Servicing Deals on the Way? / Another Top Executive Departs Wingspan? / BofA Gaining on Wells? / Impac Gets a Line of Credit / Ex-Lenders One Chief Lands at Embrace

July 1, 2015
John Bancroft, Brandon Ivey, and Paul Muolo
Wells Fargo was the top seller to Freddie Mac in 2Q with $12.6 billion, according to newly compiled figures from Inside Mortgage Finance, but BofA was a somewhat close second...
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OCC: Banks Face $131 Billion of Resetting HELOCs

July 1, 2015
Brandon Ivey
For most HELOCs, the OCC said the end-of-draw period means that monthly payments change from interest-only to amortizing...
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Big Pay Raises for Fannie and Freddie CEOs; How Does $4 Million a Year Sound?

July 1, 2015
Paul Muolo
A few years back, then FHFA Director Ed DeMarco cut the compensation of the CEOs as a response to lawmaker concerns.
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Short Takes: GSEs Hike LPMI Capital Requirements / Is LPMI Really Riskier? / The Trouble with Mortgage Co-ops and Free AU / Applications Wane / Hiring at NMI

July 1, 2015
John Bancroft, Paul Muolo, and Sherry Muolo
The Consumer Financial Protection Bureau also is reviewing LPMI, but from a different angle: RESPA and the "discounting" of such policies…
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Servicers Large and Small Oppose Plan by States To Impose Capital Requirements on Nonbanks

July 1, 2015
Capital requirements and standards proposed by state regulators for nonbank servicers appear to be unnecessary, according to trade groups representing servicers. State regulators issued the proposal in March, seeking to ensure that nonbanks conduct their servicing operations in a safe and sound manner and have strong consumer protections in place. “It is not clear that nonbank mortgage servicers require a prudential regulatory regime,” a group of 37 state ...
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Green Tree Corrects Servicing Settlement Issues, Ocwen Still Under Investigation

June 30, 2015
Brandon Ivey
Smith said his team has reviewed thousands of documents and interviewed at least nine Ocwen executives...
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RoundPoint Buyer Walks, Firm Still Open to Offers

June 29, 2015
Paul Muolo
According to figures compiled by Inside Mortgage Finance, at March 31, RoundPoint serviced $46.88 billion in home mortgages.
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After Hedge Fund Accumulates Large Stake, Walter Enacts ‘Poison Pill’ Language

June 29, 2015
Paul Muolo
In total, the Baker Street hedge fund now controls 8.4 million shares of Walter Investment Management, the parent company of Green Tree Servicing.
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Short Takes: A Killer Quarter for Fannie and Freddie? / A Shrinking Market: Bad Loans / Turn, Turn, Turn Times / Stonegate’s Third-Party Loan Portal / New Hires for Mortgage Network, Ellie Mae

June 29, 2015
Brandon Ivey and Paul Muolo
Why do loan turn times – application to closing – vary so much?
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