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Home » Topics » Inside Mortgage Finance » Servicing

Servicing
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The Servicing Market Evolution Continues...

November 5, 2015
John Bancroft
The top five servicers still accounted for over half (53.3 percent) of the total for the top 50 servicers, but that was down from 57.0 percent a year ago.
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Walter’s Share Price Clobbered After Nonbank Reports a $76.9 Million 3Q Loss

November 5, 2015
Paul Muolo
After a large 3Q loss, it was a bloodbath for Walter's share price...
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Another Quarterly Loss for PHH; Break Even or Better in 2016?

November 5, 2015
Paul Muolo
The company, whose share price was hammered this past summer after disappointing 2Q results, promised investors that it will be break even in 2016 or “modestly profitable.”
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Despite a Hedging Charge of $2.6 Billion, Fannie Mae Posts Net Earnings of $2.2 Billion; ‘Account Surplus’ With Treasury Will Rise Again

November 5, 2015
Carisa Chappell and Paul Muolo
Since the federal takeover, the Treasury Department has provided $116.1 billion in assistance to Fannie with the GSE returning (once the 3Q dividend is paid) $144.8 billion...
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Short Takes: Stonegate Buries the Lead / IMA Chief Tom Piercy Explains MSR Marks / A Strong Showing for Impac / Fannie Making Progress on Buybacks / Correction

November 5, 2015
Carisa Chappell and Paul Muolo
During the financial crisis Impac’s stock was delisted and its future looked cloudy. But not anymore…
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Servicing Market Evolution Continues: Bigger Role for Nonbanks and Second-Tier Players

November 5, 2015
It remains to be seen whether the mortgage servicing market actually grew in the third quarter of 2015, but it’s clear that distribution within the industry continued to shift. The top 50 mortgage servicers had a combined portfolio of $7.300 trillion, including whole loans in portfolio and mortgage servicing rights, at the end of September, according to a new ranking and analysis by Inside Mortgage Finance. That was down 0.2 percent from total servicing held by the top 50 companies at the end of the second quarter. The final word on mortgage debt outstanding comes...[Includes two data tables]
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The CFPB’s Latest Scorecard: Continued Problems with Originations, Improvement in Servicing

November 4, 2015
Thomas Ressler
The CFPB said some lenders are failing to comply with the requirement that charges at settlement not exceed amounts on the good faith estimate form...
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Are Home Builders Next on the CFPB’s MSA Hit List?

November 4, 2015
Paul Muolo
A mortgage executive who works in the Florida market said he is tired of seeing his deals slowed down because a title company owned by a builder was forced upon a borrower.
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Mortgage Banking Solutions and Morvest Selling $1.2B of Ginnie Mae MSRs

November 4, 2015
Paul Muolo
The sale is notable not only for its size, but for the fact that MBS and Morvest – partners on this auction – don’t normally sell servicing rights as part of their advisory practices.
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Short Takes: A Kinder, Gentler Fannie Mae on LLPAs? / Former Fannie Exec Blames the Government for the GSE ‘Crisis’ / MBA Weighs In / CFPB Not Happy on Servicer Performance / New Servicing Chief for Wells Fargo

November 4, 2015
Paul Muolo and Thomas Ressler
MBA continues to believe that, given the lack of reserves, eventually the GSEs will need to take a draw from Treasury, said Dave Stevens.
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