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Home » Topics » Inside Mortgage Finance » Servicing

Servicing
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Two Harbors Sticks with Plain Vanilla for its Latest Jumbo MBS

March 11, 2015
Brandon Ivey
NYCB Mortgage Co. is the top contributor to the jumbo MBS with a 13.5 percent share.
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New Entrant to Mortgages A Bit Unusual: A Buyer of Lottery Winnings

March 11, 2015
Paul Muolo
A major cross-selling opportunity? A report from Credit Suisse notes that, “Every month, JGW receives over 60,000 inbound calls from consumers…”
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Short Takes: LO Overtime Pay: Just Say No / Always Working? / FHFA Critical of Fannie’s Audit Committee / Fitch Rates Rushmore / Mystery Over Spike in Ocwen’s Share Price

March 11, 2015
Brandon Ivey and Paul Muolo
The Supreme Court decision on overtime pay for loan officers is just over 48 hours old, but already some companies are fearing the worst...
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An Onslaught of Legislation to Change the CFPB? QM a Target

March 10, 2015
Thomas Ressler
Bills are expected to include provisions such as providing “qualified mortgage” status for many portfolio loans, with a much broader impact than the CFPB’s recent proposal.
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PHH’s Ticking Time Bomb: the Merrill Lynch Private-Label Contract

March 10, 2015
Paul Muolo
The early betting is that PHH will hold onto the Merrill contract, but in mortgage banking, anything can happen...
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Non-Agency MBS Outstanding Increased in February. What?

March 10, 2015
Brandon Ivey
The increase was a rare occurrence: Since 2009 the balance of non-agency debt outstanding has been on the wane.
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Short Takes: No Future for Common Shareholders of Fannie and Freddie? / DocMagic Furthers Electronic Closings / BofA MBS Settlement Gets One Green Light / Stonegate Hires Someone with Cha-Cha Experience

March 10, 2015
Brandon Ivey and Paul Muolo
KBW, by the way, has set a $1 per share price target for both Fannie and Freddie.
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Mortgage Employment Basically Flat Early in the Year; Servicing Layoffs Ahead?

March 9, 2015
Paul Muolo
Mortgage companies that fall under the heading “real estate credit” actually cut 300 employees during the month, leaving the sector with 211,700 full-timers.
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Trade Group Says Nonbanks Subject to ‘Additional’ Requirements on Servicing

March 9, 2015
Paul Muolo
CHLA lists four specific concerns about the proposed capital rule, including a complaint that a 25 basis point “add on” (based on UPB) is too “severe.”
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Short Takes: Dump Walter, Says Compass Point / Cerberus Pulls Mortgage IPO / Not Exactly the Best Track Record in Mortgages / A GSE Solution is Essential to the Future of Mortgage Banking / A Six-Year ARM From First Savings

March 9, 2015
Brandon Ivey and Paul Muolo
Cerberus hasn’t had the best track record with its mortgage investments over the years...
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