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Home » Topics » Inside Mortgage Finance » Servicing

Servicing
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Servicing ‘Marks’ Ugly in 3Q, but It’s All in the Rearview Mirror, Right?

November 24, 2015
Paul Muolo
All of the red ink spilled on MSR marks in the third quarter will be reversed and turned into gains when servicers report their results early next year? “Generally, that’s correct,” said one mortgage CEO.
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CFPB Inspector General Has Five Agency Assignments Slated for 1Q16

November 24, 2015
Thomas Ressler
First on the IG's "to-do" list is an audit of the CFPB’s space-planning activities, largely in response to the bureau’s renovation of its headquarters building.
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It’s Thanksgiving Week but the MSR Auctions Keep Coming

November 24, 2015
Paul Muolo
The average loan size is $15.36 million, the average interest rate 3.60 percent.
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Freddie Mac: Regulation Could Re-Ignite Consolidation of the Servicing Market

November 24, 2015
Brandon Ivey
"Many servicing functions resemble the assembly line processes used in auto manufacturing," said a new report from Freddie Mac.
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IMA Working on MSR Deals that Could Net Almost $3B of Flow and Bulk

November 24, 2015
Paul Muolo
It may be holiday week, but Interactive Mortgage Advisors is out with a handful of new MSR offerings...
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Eventually, loanDepot Will Go Public; As for the CFO Resignation…

November 23, 2015
Paul Muolo
One investment banker familiar with the firm said, “a CFO disruption so close to the IPO just doesn’t look good.”
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Ocwen Restarts Stalled Share Buyback Program, but Offers No Assurances

November 23, 2015
Paul Muolo
California had threatened to pull the company’s license over document requests that Ocwen was ignoring at the time. Eventually, the two parties came to terms.
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Mortgage Profits at Banks Take a Turn for the Worse in 3Q15

November 23, 2015
John Bancroft
Unless mortgage-banking income takes another steep downturn in the fourth quarter, 2015 will likely prove more profitable than 2014 by a slim margin.
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What We’re Hearing: FHA Premium Cut Coming…Eventually / A 4 Percent Capital Minimum for the FHA MMIF?/ Good, Let the Banks Leave / Tony Hsieh Addresses Scuttled IPO / Can loanDepot’s LOs Surf? / New Day Fined by the NYDFS

November 20, 2015
Paul Muolo
In the same blog post, Hsieh – who did not talk to the press about the scuttled IPO – described loanDepot as a “unicorn startup,” calling it “one of the very few success stories not from Silicon Valley.
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Altisource Asset Management Stock Still Falling

November 20, 2015
When you hold an earnings call and not one analyst shows up to ask a question, one of two things is going on: business is so good that no one needs to ask, or research firms have dropped your stock. The latter appears to be the case with Altisource Asset Management Corp., one of three publicly-traded companies that can trace its lineage to Ocwen Financial Corp., a once top-five ranked servicer that’s in the process of shrinking, deleveraging its balance sheet and trying to figure out ...
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