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Home » Topics » Inside Mortgage Finance » Servicing

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Two Harbors Loses Money in 2Q, Large MSR Deal in the Works

August 7, 2013
Brandon Ivey
Two Harbors revealed that it is advanced talks to purchase a potentially significant portfolio of mortgage servicing rights later this year.
Read More

Mortgage Insurers Turn in Best Quarter in Five Years, Take Share from FHA/VA

August 7, 2013
John Bancroft
For the first time in six years, the four surviving private MIs reported a combined profit on their domestic MI business during 2Q13.
Read More

Short Takes: So, Why Does the White House Want to Kill the GSEs? / Politicians Continue to Bash Fannie and Freddie / BofA Cuts Servicing Jobs in Pittsburgh / Wholesale Lending Makes a Comeback / Impac Comes on Strong

August 7, 2013
Paul Muolo
Who says that wholesale lending through loan brokers is dead? Carrington Mortgage and other firms are expanding in the sector.
Read More

Originations Booming at Nationstar, MSRs Will Top $435 Billion

August 6, 2013
Brandon Ivey
Portfolio recapture, wholesale, and builder channels accounted for almost 79 percent of its fundings in 2Q.
Read More

Obama Hints at Corker-Warner Support, Pushes for HARP 3.0

August 6, 2013
Paul Muolo
The White House believes that the current housing finance system, where the government guarantees more than 80 percent of all mortgages through Fannie Mae, Freddie Mac and FHA, is unsustainable.
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Short Takes: Is CashCall Off the Auction Block? / HSBC Could Take a Huge Hit on MBS Settlement / FHFA CSP Job Pays $450,000 / LenderLive Gets Ginnie Approvals / Eminent Domain Advances

August 6, 2013
George Brooks and Paul Muolo
Is refi specialist CashCall still on the auction block?
Read More

HUD to Implement New HECM Guidelines by October

August 5, 2013
George Brooks
The guidelines follow the Senate’s passage last week of the Reverse Mortgage Stabilization Act of 2013.
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IRS Says Excess Servicing Spreads Are ‘Real Estate’ Assets Under REIT Law

August 5, 2013
George Brooks
According to an IRS private-letter ruling, certain excess servicing rights would constitute a real-estate asset, and income from the spread would be treated as interest on obligations secured by mortgages on real property.
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Prestwick Offers Close to $1 Billion of MSRs

August 5, 2013
Paul Muolo
The market for residential servicing rights continues to gain momentum with two new offerings from The Prestwick Mortgage Group.
Read More

Mortgage Brokers Continue to Hire, But Barely

August 5, 2013
Paul Muolo
Mortgage brokerage firms added new workers in June but at a very slow pace, a sign that the origination market is slowing.
Read More
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