Over the past year, some lenders have complained privately about the presence of enforcement attorneys during examinations, telling Inside Mortgage Finance that it can be intimidating to staff.
Wells Fargo and Bank of America rank first and second, respectively, among bank home equity lenders, according to exclusive rankings from Inside Mortgage Finance.
What if the U.S. government actually defaults on its debt what would that do to the value of MBS and Treasuries held on the balance sheet of banks? You may not want to know the answer.
The secondary market for residential servicing rights returned to health this year, spurring new hopes that it could lead to securitizations of excess MSRs. But getting there could prove difficult. Mark Garland, president of MountainView Servicing Group, said mortgage firms that have amassed large holdings of MSRs would like to unlock the value imbedded in this esoteric asset. One way to do that is through securitization transactions. According to Garland, large banks including Wells Fargo have been quietly selling...