The Financial Accounting Standards Board has announced changes to the way it accounts for government-backed mortgage loans upon foreclosure. The change, which is being made through FASB’s rule, “Receivables – Troubled Debt Restructurings by Creditors,” is aimed at reducing diversity in the accounting treatment of FHA and VA loans that have been subject to foreclosure, according to FASB’s Emerging Issues Task Force. The EITF ...

The second-quarter rebound in mortgage profits was linked to an increase in new lending and loan sales.

Most servicing advisors – and stock analysts – continue to believe Ocwen will complete the Wells deal, probably sometime this fall. “Who else is willing to buy it?” said one source.

Franchise deals – where stock and licenses change hands – could dominate the M&A market for the remainder of the year.

The average loan officer makes a $4,000 commission on each reach reverse mortgage they originate. Really?

Servicing advisors told IMFnews that many of the bulk deals they have been seeing of late are $4 billion in size or under.

“I’m wondering how many people buy homes outside of buying them with cash,” Ryan said during the webinar. “To me it’s that serious.”

During his career, Dunnery was also a director within Fannie Mae’s national servicing organization.

Investors Unite now boasts almost 1,000 members, which include both common and preferred stakeholders in Fannie Mae and Freddie Mac.

An agency spokesman told IMFnews that as a “general matter” the CFPB considers transfers significant if they involve at least 5,000 loans.