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Home » Topics » Inside Mortgage Finance » Servicing

Servicing
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1Q Residential Production at Citigroup Lags Peers; Servicing Continues to Shrink

April 16, 2015
Paul Muolo
Meanwhile, Citigroup continues to see its servicing “for others” portfolio shrink...
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Texas Depository Purchases 15-Year-Old Nonbank Mortgage Firm

April 16, 2015
Paul Muolo
In general, depositories have not been active buyers of mortgage companies, though that’s starting to change somewhat.
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Short Takes: So Much for the Moratorium on Captives Joining FHLBs / Nonprofits Stand Up for Ocwen / Ocwen Layoffs? / Time to Exit SFR? / CFPB Rule Update

April 16, 2015
Brandon Ivey, Paul Muolo, and Thomas Ressler
Is the bloom off the rose in the single-family home rental market? Some institutional investors are shedding assets.
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FHA Recaptures Few of Its Refinances; Cut in Annual Premium Could Help

April 16, 2015
Paul Muolo
Where are these FHA loans migrating to? “Fannie Mae and Freddie Mac,” said Chappelle.
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BofA Grows Originations by Almost 13 Percent; Layoffs Ensue

April 15, 2015
Paul Muolo
BofA continues to carve down the size of its mortgage servicing portfolio.
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Treasury Point Man on GSE Reform Defends PSPAs

April 15, 2015
Carisa Chappell
The remaining undrawn taxpayer commitment to the GSEs is $258.1 billion dollars, Stegman noted.
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Short Takes: Wall Street Firm Eyeing Mortgage Purchase? / SEC Won’t Take Action Against Carrington / Applications Decline Slightly / Relief for ‘Trailer Park’ Loans? / loanDepot Gets New Chief Credit Risk Officer

April 15, 2015
Brandon Ivey, Paul Muolo, and Thomas Ressler
The Wall Street firm hunting for mortgage acquisitions is not a depository like JPMorgan Chase...
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Ocwen Reports Fourth Quarter Earnings, Nonbank’s Auditor Has Concerns

April 14, 2015
Brandon Ivey
Ocwen officials stress that the company has made significant progress in strengthening its operations and capital structure.
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Short Takes: Bank Servicers Better Positioned / Lenders Aren't Ready for TRID / Appraisal Issues / Foreclosure Trends

April 14, 2015
Brandon Ivey
“The greater comfort that banks have in the current regulatory environment has situated them as more potential buyers of mortgage servicing product than was the case several years ago,” Fitch Ratings said.
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Short Takes: Consolidation Among GSE Sellers / Chase Sells MSRs to SPS / House to Vote on Points-and-Fees Bill / Characteristics of Loan Shoppers

April 13, 2015
John Bancroft and Brandon Ivey
The share of GSE business that came from the top five sellers increased slightly in the first quarter of 2015 compared with the previous quarter.
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