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Home » Topics » Inside Mortgage Finance » Servicing

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Bulk Servicing Sales Continue at a Brisk Pace. A Record Year?

August 9, 2018
Paul Muolo
IMA and MountainView expect to trade more product this year than last…
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Mortgage Banking Income Fades at Banks

August 8, 2018
John Bancroft
Second-ranked JPMorgan Chase had a similarly disappointing quarter.
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CFPB Active Again in Enforcement Actions. 23 Cases Being Litigated

August 8, 2018
Yemeng Yang
A spokesperson told Inside the CFPB the agency’s office of enforcement is now “actively litigating 23 cases.”
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Another Record Non-QM Production Quarter for Citadel. 2018 Production Could Top $1.8 Billion

August 8, 2018
Paul Muolo
At the end of July, Citadel serviced $1.75 billion of non-QMs…
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Redwood Reports Lower Earnings, but a Rise in Loan Purchases

August 8, 2018
Paul Muolo
At June 30, Redwood held $5.5 billion of residential loans on its books, up 40.6 percent from a year ago.
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Industry Seeks Update from Banking Regulators on Basel, Tier I Capital and MSRs

August 8, 2018
George Brooks
At the very least, the MBA wants a timeframe from the regulators…
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Nonbank Market Share of Ginnie MSRs: 59.9 Percent and Growing

August 7, 2018
John Bancroft
Wells Fargo’s agency servicing volume dropped by $9.4 billion…
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Lobbying on the GSE Issue Moves from Congress to the Executive Branch

August 7, 2018
Paul Muolo
Earlier this year, Treasury Secretary Steven Mnuchin told the Senate Banking Committee he has the authority to restructure Fannie and Freddie without any change in law.
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PHH Continues to Sell Servicing Rights Ahead of Sale to Ocwen

August 7, 2018
Paul Muolo
In its earnings statement, PHH notes that Ocwen can terminate the acquisition if “available cash on hand falls below a prescribed amount…”
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Short Takes: R-E-S-P-E-C-T is What loanDepot CEO has for Zillow / Houlihan Lokey Advised Zillow / Shellpoint Shines / MBA Likes the Sandbox / A Handful of Promotions at PRM

August 7, 2018
Paul Muolo and Yemeng Yang
Anthony Hsieh of loanDepot: “Relax everyone. Competition is good."
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