In terms of market effect, a DocuTech executive said that because of the new CFPB rules, "credit is going to slow down for a little while, maybe a month or so."
One servicing advisor told IMFnews that the regulator now has the last word on all MSR transfer approvals. It began in December and has slowed the process a bit.
The hunger for GSE speculation is also causing some investors to buy Fannie/Freddie common which has been rising of late, but not by much. However, one GSE watcher believes that buying the common, "is a fools game."
Moodys notes that all three have grown their production operations a positive but question whether over the long term whether they can compete with banks in the prime market.
Smaller residential mortgage servicers are going to be challenged by the increased costs of new servicing requirements from the CFPB as they seek to opportunistically grow through strategic acquisitions, according to analysts at Fitch Ratings. Many U.S. residential mortgage servicers have been working diligently to meet the new servicing requirements, the Fitch crew said in a recent analysis. Many large servicers have already made significant progress towards meeting the Jan. 10, 2014, deadline, in particular those servicers...
Industry analysts predict that the New York ruling will limit rep-and-warrant claims on vintage non-agency MBS as well as future claims on recently issued jumbo MBS.
Radian's Loan Amount Estimator enables lenders that are capping their debt-to-income ratios at 43 percent to calculate maximum loan amounts and sale prices based on the MI product selected.