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Home » Topics » Inside Mortgage Finance » Servicing

Servicing
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What We’re Hearing: Not Much Time Left for the GSE ‘Gang of Four’ / Don (Heart) Fannie and Freddie / Go Ahead, Keep on Suing / Why Join a Company That’s in Conservatorship? / CoreLogic Reduces its Head Count / CMLA Not Amused

March 30, 2018
Paul Muolo
At yearend 2017, CoreLogic employed 5,900, a reduction of 400 full-timers over the previous 12 months...
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Short Takes: Banks with Strong Mortgage Ops Set to Merge / RoundPoint Gets Aggressive on Hiring / Not for Sale Anymore? / Home Point Hires Chief Production Officer / DocMagic Signs up Deutsche Bank / Former Nomura Trader Joins Angel Oak

March 29, 2018
Paul Muolo
Look for a lot more mergers this year. Then again, if rates dive, all bets might be off...
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Servicing-Released Premiums the Best They’ve Been in Years?

March 28, 2018
Paul Muolo
Wells Fargo and JPMorgan Chase are among the megabanks driving SRP pricing…
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Short Takes: What’s Up (Down) with GSE Common? / No News, No Bill, No Hope / Citadel Loosens Underwriting / Angel Oak Opens Dallas Ops Center, Seeks New Hires / W&D Expands

March 28, 2018
Paul Muolo and Brandon Ivey
It’s not as though some Congressman or Senator is about to introduce consensus GSE legislation...
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New Top Dog at Impac Mortgage Will Earn at Least $2.25 Million This Year

March 27, 2018
Paul Muolo
As part of his employment package, Mangiaracina is entitled to a severance payment of at least $750,000…
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Mortgage Jobs Outlook: A Bit Grainy

March 27, 2018
Paul Muolo
UWM’s Mat Ishbia credits the company’s strong ties to the broker community for its performance…
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Short Takes: loanDepot will Issue Non-Agency MBS / Okay, So It’s Not $6 Million / The Changing of the Guard / Tiptree Nears Sale of Jumbo Lender / Stock Repurchase Plans / MountainView Selling Whole Loans

March 27, 2018
Paul Muolo and Brandon Ivey
The two men steered Impac through the rocky waters of the financial crisis...
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Up for Grabs: A $1.9 Billion Fannie Mae MSR Portfolio

March 26, 2018
Paul Muolo
California receivables account for 22.5 percent of the collateral based on number of loans…
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Short Takes: Coming Up on 10 Years / Remember the ‘Southwest Plan’? / What if a ‘Moderate’ Replaces Watt at the FHFA? / Checking in on GSE Reform and Seeing Nothing / loanDepot Gets a New COO

March 26, 2018
Paul Muolo
It’s almost April and Rep. Jeb Hensarling, R-TX, has yet to introduce his GSE reform bill...
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CitiMortgage Improperly Filed for FHA-HAMP Partial Claims, Says IG

March 23, 2018
Lacking sufficient guidance, CitiMortgage improperly filed for 66 partial claims before completing loan modifications and reinstating the loans, according to the Department of Housing and Urban Development inspector general. The finding arose from an IG audit of CitiMortgage’s processing of partial claims under the FHA-Home Affordable Modification Program. The audit was based on the financial institution’s volume of partial claims among lenders in the St. Louis, MO, metropolitan area. FHA-HAMP is a loss mitigation option, which uses a partial insurance claim, combined or separate from a loan modification, to reinstate a mortgage. Under a partial claim, FHA reimburses a lender’s advance of funds on behalf of the borrower in order to reinstate a delinquent mortgage. The IG said CitiMortgage did not have adequate policies and procedures to ensure the FHA-HAMP partial claims, combined with ...
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Latest Imf News

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