Delinquencies at Large Servicers Rise Ever So Slightly August 24, 2016 Brandon Ivey The nation’s three largest residential servicers – Wells Fargo, Chase and Bank of America – all showed sequential increases in late payments...Read More
Trade Groups with Nonbank Members Ask the CFPB: How About Us? August 24, 2016 Carisa Chappell Not only are CHLA and CMLA unhappy with the lack of representation, they want the CFPB to form a “Community Mortgage Banking Advisory Council...” Read More
Short Takes: Not Everyone Loves the New Fannie, Freddie Application / Okay, Who Bought the Subprime Deals? / PennyMac Gets Repo Line from JPM / MountainView Selling MSRs / Apps Fall August 24, 2016 Paul Muolo One source said that in the Angel Oak transaction, bidding started with eight investors… Read More
The Final Tally: Nonbanks Battered by MSR Accounting in 2Q16 August 23, 2016 John Bancroft Nine nonbanks reported a combined net loss of $339.5 million on mortgage-banking activity for 2Q16, but that was actually an improvement...Read More
CMC Warns About FDCPA, Fears Servicing Costs Will Rise Even More August 23, 2016 Paul Muolo The CMC – which represents several large commercial banks – calls the FDCPA an “antiquated and poorly drafted" statute...Read More
Mortgage M&A Activity Continues Apace; Eight Deals in Two Months August 22, 2016 Paul Muolo Meanwhile, it’s anticipated that private equity firms could play an even larger role...Read More
MBA’s ‘Profit’ Falls Ever So Slightly; Revenues Increase Along With Salaries August 22, 2016 Paul Muolo The top revenue generator for MBA was membership dues at $18.24 million. Its annual convention took in $7.5 million while all other conferences generated revenue of $17.70 million.Read More
Tennessee Bank FB Financial Files for IPO, Looks to Increase Mortgage Business August 22, 2016 Brandon Ivey FB also services roughly $4.02 billion in residential loans…Read More
Call Reports Show Modest Increase in Mortgage-Banking Income for 2Q16 August 22, 2016 John Bancroft The call-report data pose an interesting, and contrary, view of the banking industry’s mortgage-banking activity during the second quarter…Read More
Short Takes: Will Ocwen Come Roaring Back? / A 29 Percent Decline in MSR Contracts / Finally, A Stock Deal / HUD Left Money on the Table / A New Director for Altisource August 22, 2016 Paul Muolo Is Ocwen's share price extremely undervalued? Read More
RSS