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Home » Topics » Inside Mortgage Finance » Servicing

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Study Shows Negative Equity the Most Important Harbinger of Default Rates

December 13, 2018
Negative equity – or even just the perception of it – is the most important determinant of default rates, according to a recent study by Collateral Analytics.
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Short Takes: loanDepot Loses its Product Chief / Bill Dallas and Cloudvirga / Kudos on the Calabria Pick from HFSC Chairman Hensarling / A Candidate Himself Once? / A New Hire for Vendor Valuation Partners

December 12, 2018
Paul Muolo
Cloudvirga, at one time, was headed by industry veteran Bill Dallas...
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Subservicing Sector Continues to Grow at a Steady Clip as States Act as ‘Mini-CFPBs’

December 11, 2018
Paul Muolo
Gordon Albrecht of FCI said he’s not surprised the subservicing sector is doing well “because of all the states that keep adding regulations.”
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One GSE Shareholder Speaks Up: Calabria Will be Constrained in His Mission to Dissolve Fannie and Freddie

December 11, 2018
Paul Muolo
James Fenkner says Calabria will be “constrained in his mission to dissolve Fannie and Freddie.”
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Banks Gain on ‘Servicing for Others,’ MSR Valuations Rise

December 10, 2018
John Bancroft
At Sept. 30, banks and thrifts serviced $3.627 trillion of residential mortgages for others…
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Short Takes: Hope in Cash-Out Refis / loanDepot’s Refi Stats / Position Filled / Chicago-Area Lender Gets Fannie Mae Approvals / More on Calabria and the FHFA Job / Mulvaney, Mnuchin Up for the Chief of Staff Job? / Waterstone Hires Rocky (Rockwell)

December 10, 2018
Paul Muolo
Fannie Mae has approved Neighborhood Loans, Lombard, IL, as a new seller/servicer...
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How to Shrink the GSE Footprint Without Having to Ask Congress To Do Anything

December 7, 2018
John Bancroft
Want to shrink Fannie and Freddie? Cut investor loans, then move on to cash-out refis…
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Lenders Face Uncertainty After Supreme Court Refuses Case

December 7, 2018
Brandon Ivey
Bank of America, the nation’s fourth largest mortgage servicer, appealed the case to the Supreme Court…
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What We’re Hearing: Mark Calabria to Head the FHFA (Looks That Way) / Can Mulvaney Fix the U.S. Debt Problem? / Keeping the Debt Clock at the HFSC? / Kraninger Yes, Michael Bright No / Nomura and Ditech (More) / CMG Mortgage Hires Regency Executive / Home

December 7, 2018
Paul Muolo
If Michael Bright is not confirmed in the current Congress, President Trump will have to re-nominate him...
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Bank Servicing for Others Changes Tack with 3Q18 Gain, Valuations Rise Again

December 7, 2018
The outstanding volume of mortgages serviced for other investors by banks and thrifts has been falling almost constantly in the aftermath of the financial crisis, but the third quarter of 2018 saw a relatively rare increase. Banks and thrifts serviced $3.627 trillion of residential mortgages for other investors – typically mortgage-backed securities trusts – at the end of September, according to a new Inside Mortgage Trends analysis of call-report data ... [Includes one data chart]
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