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Home » Topics » Inside Mortgage Finance » Servicing

Servicing
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Megabank Originations Surged in 2Q16, but Mortgage Profits Sagged

July 25, 2016
John Bancroft
The bigger issue was a sharp drop in net servicing income…
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In a Move to Boost Liquidity, Ginnie Will Update ‘Acknowledgment’ Agreement

July 25, 2016
Paul Muolo
Several large banks accept the current acknowledgement agreement, while others avoid it like the plague.
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Small Banks and Nonbanks Rally Around Bill that Provides CFPB Relief

July 25, 2016
Thomas Ressler
The Community Mortgage Lenders of America said the bill strikes a balance of maintaining safe lending while freeing up resources so more consumers can obtain a mortgage.
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Greenwich-Based Investment Advisor Reveals 8.3 Percent Stake in PHH

July 25, 2016
Paul Muolo
Who is Silver Point and why does it now own so much of PHH?
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IMA, Phoenix Capital Out With Bulk MSR Portfolios

July 25, 2016
Paul Muolo
Bids on both packages are due later in the week.
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Short Takes: Big Servicing Markdowns for Nationstar and Walter? / The Tally, Thus Far, on MSR ‘Marks’ / Five Years and $7,000 / Victorian Joins CMLA / A Promotion at Capital Bank

July 25, 2016
Paul Muolo
Since the CFPB was born, the cost to originate a home mortgage has exploded...
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Half of Outstanding Agency Mortgages Have Interest Rates Higher than 4.000%

July 22, 2016
Brandon Ivey
Wells Fargo handled 20.2 percent of the $841.42 million in agency mortgages outstanding at the end of the second quarter of 2016 that had interest rates between 4.510 percent and 5.000 percent.
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With Threat of Servicing Moving Away from Ocwen, Altisource Works to Diversify

July 22, 2016
Brandon Ivey
With the possibility of investors transferring non-agency servicing rights away from Ocwen Financial, Altisource Portfolio Solution has put an emphasis on providing services to other companies.
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Loan Limit Increases, Underwriting Loosens for MPF Direct Product Delivered to Redwood

July 22, 2016
The Federal Home Loan Banks’ Mortgage Partnership Finance program and Redwood Trust announced a number of changes this week to the MPF Direct product. Beginning Aug. 31, the loan limit will increase to $2.5 million and hybrid adjustable-rate mortgages will be eligible for delivery. The MPF Direct program was launched in 2014, with a loan limit of $729,750, the high-cost loan limit for the government-sponsored enterprises at the time. In the third quarter of 2015, the loan limit for the product was increased to $1.5 million. The loan limit for cash-out refinances is $750,000. “We continue...
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Bulk MSR Sales Heated Up in 2Q16 Along With Surge in Co-issuance

July 22, 2016
The secondary market in mortgage servicing rights rebounded during the second quarter of 2016 after starting the year with a thud, according to an exclusive Inside Mortgage Trends analysis of mortgage-securities disclosures by Fannie Mae, Freddie Mac and Ginnie Mae. The three agencies saw a combined $42.95 billion of MSR change hands in bulk transactions during the second quarter. That was up 20.6 percent from the first quarter, when ... [Includes two data charts]
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