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Home » Topics » Inside Mortgage Finance » Servicing

Servicing
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Subservicing Growth Continues to Slow. M&A Ahead?

August 22, 2018
Paul Muolo
Cenlar and Dovenmuehle, which rank first and second, respectively, experienced slow growth during the period…
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Great Ajax Looks to Increase Servicing for Others with Expansion of Gregory Funding Unit

August 22, 2018
Brandon Ivey
Gregory Funding is in the first year of a three-year expansion plan…
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Short Takes: Celebrity in the Hunt / Ocwen Gets the ‘All Clear’ Signal from Ginnie / Oh Carol / The National Servicing Settlement – It’s a Wrap / Two Joes In Charge at Waterstone

August 22, 2018
Brandon Ivey and Paul Muolo
Celebrity Financial has several M&A irons in the fire...
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Washington State Tightens Servicing Rules. More States to Follow

August 21, 2018
Yemeng Yang
In Washington mortgage servicers must now maintain recorded telephone conversations with consumers for three years after the date of the call…
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Short Takes: Broeksmit Takes Over as MBA Chief / His Resume / Cowen: Bright, a Plus for Housing / A Possible Successor to Watt at the FHFA? / Churchill Mortgage Executive Named to CMLA’s Board

August 21, 2018
Paul Muolo
Bright has been mentioned in housing and mortgage circles as a possible successor to FHFA Director Mel Watt.
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A Real Estate Fintech Takes a Test Drive in Mortgage Banking. Will Others Follow?

August 20, 2018
Paul Muolo
“Zillow could have done this on a much larger scale. Heck, they could’ve bought Ditech,” said industry consultant Paul Hindman.
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States to Focus on Mortgage Servicing, Risks on Inconsistency

August 20, 2018
The state of Washington recently tightened its rules for mortgage servicers, another indicator that state regulators may pick up the slack from a perceived pullback by federal regulators regarding mortgage servicing. The Washington Department of Financial Institutions earlier this month amended its regulations under the Consumer Loan Act, requiring servicers to inform the DFI if the company’s capital falls below levels required by Fannie Mae or Freddie Mac, or if their ...
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Term Notes Backed by Servicing Rights Hit the Market, But It Might be an Option Only for the Financially Well-Heeled

August 17, 2018
Thanks to higher interest rates and rock-solid valuations, the market for securities backed by mortgage servicing rights is beginning to heat up, with at least two deals hitting the market this month – one from PennyMac, the other from AmeriHome Mortgage.
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Fewer Investor Protections Seen in Current Subprime Auto Loan ABS Deals Compared to 1990s Issuances

August 17, 2018
There are fewer structural protections in today’s speculative-grade securities backed by subprime auto loans compared to below-investment grade issuances in the 1990s, according to an S&P Global analysis of the subprime auto loan ABS sector.
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Mortgage Delinquency Rates Down Sharply in 2Q18

August 17, 2018
John Bancroft
Meanwhile, the Mortgage Bankers Association this week reported a substantial decline in its seasonally adjusted mortgage delinquency data series.
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