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Home » Topics » Inside Mortgage Finance » Servicing

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Has the Mortgage Deconsolidation Trend Run Its Course?

December 26, 2013
Brandon Ivey
“The recent decline in large-lender share of the primary market is temporary, and principally a result of cyclical factors that caused larger lenders to pull back from the market,” said Fannie Mae's Gerry Flood.
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Principal Reduction More Prevalent on Portfolio Mortgages than Non-Agency MBS

December 26, 2013
Brandon Ivey
Some 44 percent of mods on portfolio loans by eight large banks and thrifts include principal reduction in the third quarter of 2013.
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MSR Hungry REIT Gets FHLB Access Via Insurance Affiliate

December 26, 2013
Paul Muolo
It's not every day that a REIT gains access to a Federal Home Loan Bank. This REIT, of course, likes to buy mortgage servicing rights.
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Short Takes: Mortgage Tax Extenders Set to Expire / New Residential to Sell More Shares / GSEs Hit Foreclosure Prevention Milestone / Madoff and Farkas – What Are They Up to? / The Mortgage PR Person Who Worked on Christmas

December 26, 2013
Paul Muolo and Charles Wisniowski
Let’s just hope that if Bernie Madoff and Lee Farkas are socializing together in prison they’re not plotting some type of massive mortgage scam.
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Short Takes: Will FHA Make a Change on the Loan Limit Cap? / New Applications Worst in Six Years / Private-Money Starts to Rock n Roll / Delinquencies on the Rise? It Depends on Who You Ask / Beer and Mortgage Banking

December 23, 2013
Paul Muolo
One former regulator told us that HUD is relying too heavily on foreclosure sales, which can drive down median values.
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Banks Cautiously Raise MSR Values in Third Quarter

December 23, 2013
John Bancroft
As an industry, banks assigned a fair-market value of $48.4 billion to their mortgage servicing rights, according to figures compiled by Inside Mortgage Trends.
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Residential Finance Corp. in Asset Sale Deal with PMAC? Earn Out of 15 BPs?

December 23, 2013
Paul Muolo
A few months back top executives at RFC denied to Inside Mortgage Finance that a sale was in the works.
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Short Takes: Who Will Hire Ed DeMarco? / Watt Will Roll Back Multifamily Changes Too / OCC Sees Improving Delinquencies / Essent Enters the Russell 2000 / Impac Selling Retail Branches and Cutting Staff

December 23, 2013
Paul Muolo and Charles Wisniowski
Will departing FHFA chief Ed DeMarco go work for a hedge fund? Stranger things have happened.
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Maybe the Mortgage Employment Picture Isn’t So Ugly After All

December 23, 2013
Paul Muolo
A handful of firms say they are still aggressively recruiting residential loan officers who have a solid background in purchase-money lending – that is, sales professionals with deep ties to Realtors and home builders.
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Ocwen Enters Settlement with State AGs, Servicing Transfers a Concern

December 20, 2013
Brandon Ivey
State attorneys general extended the national servicing settlement to the nonbank sector with an extra emphasis on servicing transfers.
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