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Home » Topics » Inside Mortgage Finance » Servicing

Servicing
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IMA Selling $12.7 Billion of GSE Servicing Rights

April 11, 2013
Paul Muolo
The bulk servicing market is beginning to generate heat. The latest offering comes from Interactive Mortgage Advisors, but other deals are in the works as well.
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Freddie Mac Hires Former Chase Mortgage Chief to Head Single-Family

April 11, 2013
Paul Muolo
Freddie Mac has a new head of single-family: David Lowman, an industry veteran who in the past headed mortgage operations at JPMorgan Chase and Citigroup.
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Short Takes: FHFA Extends HARP to 2015 / Conservatives Love FHA? / Nationwide Title Clearing Demystifies ‘Trailing’ Documents / Gleacher Calls It Quits on MBS

April 11, 2013
George Brooks and Paul Muolo
The FHFA has extended the popular HARP 2.0 program until the end of 2015. But what about HARP 3.0?
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Advisors Complain About ‘Vague’ Acknowledgement Letters on MSRs From Fannie Mae and Freddie Mac

April 11, 2013
There’s a growing interest on the part of new investors in buying residential mortgage servicing rights, but observers say a major impediment for the market is a lack of confidence that Fannie Mae and Freddie Mac will acknowledge their ownership rights. “It’s a problem,” said Tom Piercy, managing member of Interactive Mortgage Advisors, a servicing brokerage and advisory firm. “Fannie and Freddie could learn a thing or two from Ginnie.” The phrase “new investors” generally applies...
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Obama Budget: GSEs Will Pay $183 Billion of Dividends to Treasury Through 2023

April 10, 2013
Paul Muolo
The White House expects huge profits over the next 10 years from - drum roll please - Fannie Mae and Freddie Mac.
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Walter Investment Buys $12.2 Billion of Reverse MSRs from Wells Fargo

April 10, 2013
Paul Muolo
Wells Fargo has unloaded most of - but not all - of its remaining servicing rights tied to reverse mortgages. However, the bank says it is still "committed" to seniors through home equity loans.
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How Hot is Residential Servicing? IMA Package Gets 10 Bids

April 10, 2013
Paul Muolo
More than 10 bidders showed up for a recent auction of new Fannie Mae servicing rights, a sign that the MSR market is getting hot.
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Short Takes: About That White House Mortgage Meeting… / Wells Confirms It May Hire MSR ‘Project Manager' / NPL Sales Could Double / Mortgage Applications Rise, So Do Refis

April 10, 2013
Paul Muolo
The upcoming White House meeting on mortgage and housing issues may not address loan standards at all. Wells confirms plan to hire MSR 'project manager.'
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HUD Asks for $943 Million Treasury ‘Draw’ for FHA as Industry Warms Up to Risk Sharing

April 10, 2013
George Brooks and Paul Muolo
According to the new White House budget, it appears that the FHA will need a draw from the U.S. Treasury after all. But will it happen?
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U.S. Bank Names Rick Aneshansel New Mortgage Chief

April 9, 2013
Paul Muolo
U.S. Bank, one of the largest residential lenders and servicers in the nation, has a new president.
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