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Rising Mortgage Payments Will Jump Even Higher

February 2, 2018
The American homebuyer’s “typical mortgage payment” is up 12 percent over last year, and the trend is expected to continue in the year ahead, according to a new report from CoreLogic.
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Hurricanes Drive Up 90-Day Delinquencies

February 2, 2018
It’s been a few months since hurricanes Irma and Harvey pounded coastal areas of the U.S. mainland, but the storms are continuing to wreak havoc on many affected homeowners. The latest data from Black Knight, in Jacksonville, finds that 90-day delinquencies have jumped due to the hurricanes’ impact.
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Walter’s $5 Million CEO Tony Renzi to Depart. No Successor Named

February 2, 2018
Among residential servicers, Ditech ranked 11th at yearend, according to figures compiled by Inside Mortgage Finance.
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Ginnie Issues Warning to Servicers, Some Could be Terminated for High Delinquencies

February 2, 2018
John Bancroft
New agency guidance makes clear that issuers are expected to make an ongoing investment in servicing capability…
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CFPB Consolidates and Restructures Fair Lending Enforcement Apparatus

February 2, 2018
Paul Muolo
CFPB Senior Advisor John Czwartacki said: “The bureau’s statutory mandate includes the supervision and enforcement of fair lending laws and regulations … the bureau will continue to perform those functions.”
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Walter’s $5 Million CEO Tony Renzi to Depart. No Successor Named

February 2, 2018
Paul Muolo
Among servicers, Ditech ranked 11th at Dec. 31, according to figures compiled by Inside Mortgage Finance.
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What We’re Hearing: Interest Rate Armageddon? / Sucking Pond Water? / Tony Renzi’s February Surprise / A Raise for Ginnie Mae Staffers / Investors Unite Weighs in on the Corker Bill (Not Happy) / Mnuchin’s GSE Plan

February 2, 2018
Paul Muolo
Investors Unite is not happy...
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Nonbanks Reach Another MSR Milestone: A 43 Percent Market Share Among the Top 50

February 1, 2018
John Bancroft
The $3.42 trillion of servicing held by nonbanks was up 20.7 percent from December 2016…
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Short Takes: Mortgage Trouble at SoFi / Thin Margins / Ex-Fannie Mae Worker Indicted / Mortgage M&A in New England / A New Hire for Bay Equity Home Loans

February 1, 2018
Paul Muolo
One executive familiar with SoFi’s residential business said the company is operating on razor thin profit margins…
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Busy MSR Market Helped Shape Top Servicer Ranking in 2017, But Trends Remained Steady

February 1, 2018
A robust market in mortgage servicing rights reinforced ongoing trends shaping the home-loan servicing business in 2017, a new Inside Mortgage Finance ranking and analysis reveals.
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