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Home » Topics » Inside Mortgage Finance » Servicing

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Servicing Sales to Boom in Early 2019, IMBs Need Cash

January 3, 2019
Declining profit margins and reduced production levels will push more inde-pendent mortgage companies to sell servicing. But falling interest rates might squash MSR prices.
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Short Takes: The First Mortgage M&A Deal of the Year? / Mnuchin is Aware of the IRS Tax Transcript Problem / Will Government Workers Miss a Mortgage Payment? / Happy New Year from President Trump: Your Pay is Frozen / Tom Selleck Keeps Pitching HECMs / Ce

January 3, 2019
Paul Muolo
Celink, a servicer of reverse mortgages, has agreed to pay the federal government $4.25 million for violating the False Claims Act...
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PennyMac Financial Cuts New Employment Deals with Top Officers

January 2, 2019
Paul Muolo
Kurland was given an annual base salary of $900,000 from Jan. 1 of this year until Dec. 31, plus cash and equity incentives.
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Short Takes: A Government Shutdown-Related Reminder from Fannie Mae / A Fundraising Record for MBA’s MORPAC / Rising Worries, Falling Rates / Nervous / AI Gets a New (Annual) President

January 2, 2019
Brandon Ivey and Paul Muolo
At press time, the yield on the benchmark 10-year Treasury was at 2.67 percent, the lowest reading in almost 12 months…
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Lion Point Capital Declares 50 Percent Stake in Ditech

December 27, 2018
Paul Muolo
The investment banking firm Houlihan Lokey has been fielding offers for Ditech…
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Short Takes: Wells Fargo Executive Takes a Job with UCM / The NAR is Not Happy with FEMA / No Word From Peter Bell and NRMLA / Fannie Mae Director Haywood Moves On / Trouble in the Sandbox

December 27, 2018
Brandon Ivey and Paul Muolo
The National Association of Realtors is none too happy with FEMA's actions during the government shutdown...
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Surprise: Production-Related Activity Saw Profit Boost in 3Q18

December 27, 2018
John Bancroft
However, servicing income was down substantially…
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Dems Select Rep. Waters as the First Woman Chair of the HFSC, Mulvaney Put on Notice

December 26, 2018
Dennis Hollier
Rep. Waters to Mick Mulvaney: “I am writing to inform you that while your time running the Consumer Bureau may be over, the time for accountability for your actions is about to begin.”
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Have Yourself a Merry Little … Okay Maybe Not in 2019. Lenders Feeling Anxious These Days

December 21, 2018
Brandon Ivey
The profit margin outlook has declined for nine consecutive quarters…
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As Expected, OCC Chief Otting Tapped by White House to be Interim FHFA Director

December 21, 2018
Paul Muolo
Joseph Otting will be joining the Trump administration's "two-hat" club...
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