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Home » Topics » Inside Mortgage Finance » Servicing

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Slim Second Quarter Earnings for Cherry Hill REIT, Impac Mortgage

August 13, 2014
Paul Muolo
According to figures compiled by Inside Mortgage Finance, Freedom grew second quarter originations by almost 49 percent, the best sequential gain for any top 10 ranked lender.
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Ocwen Says Financials for 2013 and 1Q14 Are Not GAAP Compliant

August 12, 2014
Paul Muolo
Is Ocwen Financial's accounting adjustment much ado about nothing or a potential regulatory headache?
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Birch Hedge Fund Increases Stake in Walter Investment

August 12, 2014
Paul Muolo
FBR lowered earnings projections for Walter Investment, citing “increased regulatory uncertainty."
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FHFA IG: Fannie Servicers Failed Certain Metrics on Short Sales

August 12, 2014
Charles Wisniowski
The IG also found that a Fannie Mae remediation plan does not hold servicers fully accountable for the resulting losses.
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Short Takes: Mortgage M&A: Lots of Talk, Not Much Action / New Penn Rolls Out Non-QM Loan / Arizona Mortgage Office Open to Offers / Auction.com Ramps Up Commercial Sales / Walter Seeks a New COO

August 12, 2014
Paul Muolo
A top producing office in Arizona for one mid-sized lender is making it widely known that it would like to move the entire staff to another firm...
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Nonbank Mortgage Firms Show Mixed Results for Second Quarter

August 11, 2014
John Bancroft
A diverse group of 31 lenders tracked by Inside Mortgage Trends reported a combined $4.13 billion in mortgage banking income during the second quarter, up 32.7 percent from the first three months of 2014.
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Walter Posts $12.9 Million Loss for 2Q, Servicing Growth Anemic

August 11, 2014
Paul Muolo
At June 30, Walter/Green Tree serviced $235.2 billion in mortgages, almost flat compared to March 31.
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Massachusetts Bank Selling Bulk Fannie Mae MSR Package

August 11, 2014
Paul Muolo
One of the largest packages currently out for bid is a $1.2 billion Fannie Mae/Ginnie Mae portfolio from Interactive Mortgage Advisors.
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Short Takes: Why is Galante Leaving FHA? / Not All Lenders are Suffering (Compared to Last Year) / Stonegate Has to Spend Money to Make Money / Caliber Hires Builder Chief

August 11, 2014
Paul Muolo
Stonegate Mortgage last week posted a meager second quarter profit of $300,000.
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Trustees Ask Court to Clear $4.5 Billion Settlement With Chase, Goldman Sachs Faces $1.2 Billion Hit

August 8, 2014
Mortgage trustees are still awaiting state court approval of a $4.5 billion settlement with JPMorgan Chase in relation to faulty residential MBS issued by the bank and the now-defunct Bear Stearns between 2005 and 2008. If approved by the New York State Supreme Court, the agreement would resolve representation and warranty claims as well as servicing claims related to loans in 330 mortgage securitization trusts, as well as claims over document delivery. In addition, the bank agreed to change its servicing procedures with respect to mortgage loans in the trusts. The proposed settlement does not resolve...
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Latest Imf News

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