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Home » Topics » Inside Mortgage Finance » Servicing

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The GSE Reform Bust Blues: Worrying About Mel Watt’s (Potential) Successor at the FHFA

May 1, 2018
Paul Muolo
There’s been speculation that when the Trump administration picks Watt’s successor, one of the first things that person might do is impose a loan-size purchase limit on the two government-sponsored enterprises.
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Consumer Mortgage Complaints Take a Dive

May 1, 2018
Yemeng Yang
Total gripes filed during 1Q18 were down 36.3 percent from a year ago…
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Freddie Posts Strong 1Q18 Profit Thanks to G-Fee Income, Gains from Derivatives (and No More DTA Hits)

May 1, 2018
Paul Muolo
Even though the GSE posted a strong profit, it saw MBS issuance fall 37.2 percent in the first quarter...
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Short Takes: Freddie Mac Multifamily Continues to Shine, but… / UWM Rolls Out New Website / Seed Money / Nationstar Looking at a Large MSR Markup? / Mulvaney: I’m Not Running a Yelp / New Hires for Freddie, Angel Oak

May 1, 2018
Paul Muolo and Yemeng Yang
Not too long ago, UWM rolled out a $500,000 grant program designed to allow LOs to start their own loan brokerage firms...
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CMLA Picks Industry Vet Ed Wallace as New Director

April 30, 2018
Paul Muolo
CMLA favors a recapitalization and reform plan for Fannie Mae and Freddie Mac, one where they are transformed into “utilities.”
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Agency Servicing Transfers Slowed in Early 2018

April 30, 2018
John Bancroft
In 1Q18, the top three coissuance sellers of servicing rights were Fairway Independent Mortgage, Finance of America, and Movement Mortgage.
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Short Takes: HUD Yanks Approvals on 23 Lenders, Most of Them Banks / Goldman Sachs, Warehouse Lender, but… / Rep. Waters None Too Happy with Mulvaney / A Document Dump is Requested / A Promotion at J.G. Wentworth

April 30, 2018
Paul Muolo
Rep. Waters wants CFPB acting director Mulvaney to turn over documents regarding meetings he's had with the industry...
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FHFA Working Paper Touts Benefit Of Automated Valuation Models

April 27, 2018
Automated appraisals may be less biased and give more accurate property value estimates, according to a new working paper by the Federal Housing Finance Agency’s Office of Policy Analysis and Research. This is especially true in rural areas where there are fewer comparable stats and more heterogeneity across homes, said the authors, Alexander Bogin and Jessica Shui. In fact, the data suggest that more than 25 percent of rural appraisals exceed the associated contract price by more than 5 percent. The study was based on GSE loan acquisitions from 2012 to 2016.Moreover, given the bias found in appraisals, some researchers have considered including automated...
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MSR-Investing REIT New Residential Has a Blowout 1Q18: A Profit of $614.3 Million

April 27, 2018
Paul Muolo
New Residential said during and subsequent to the first quarter, it entered into agreements to buy $38.0 billion of mortgage servicing rights...
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Western Asset Goes Big with its First Non-QM MBS: A $1.25 Billion Deal

April 27, 2018
Brandon Ivey
Interesting fact: Most of these non-QM loans were originated by banks...
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