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Home » Topics » Inside Mortgage Finance » Servicing

Servicing
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How Hot Are Mortgage Servicing Rights? 25 New Investors Since January

July 10, 2013
Paul Muolo
A year ago, only two to four bidders would show up for an MSR auction. But those days are long over.
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Short Takes: Zero-Down Mortgages for Up to $650,000 / Sandler No Longer in Total Love with Wells / National Housing Trust Fund Robbed by Regulators? / GOP Up in Arms Over Big Brother CFPB / New FHA Bill?

July 10, 2013
Paul Muolo, Thomas Ressler, and Charles Wisniowski
Need a zero-down mortgage for $650,000? Another Washington-area credit union steps up to the plate.
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VA Urges Servicers to Consider Principal Reduction for Distressed VA Loans

July 9, 2013
George Brooks
In recently issued guidance, the VA said reduction of principal in connection with a loan modification may produce a higher expected return for a servicer than termination of the loan.
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'Data-Driven' CFPB Defends Data Collection Efforts

July 9, 2013
Thomas Ressler
Testifying before a House subcommittee, the CFPB's Antonakes emphasized the fundamental importance of data analysis to the bureau’s mission.
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Mortgage Employment Begins to Fall, But FBR is Bullish on Lending

July 9, 2013
Paul Muolo
Any lender that has refis greater than 50 percent could be at risk for layoffs, said one industry consultant.
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Short Takes: It’s Gain-on-Sale Confession Time / Treasury Illegally Glomming onto GSE Profits? / Foreclosures Fall 27 Percent, But… / More Details from Richey May on Mortgage Comp

July 9, 2013
George Brooks, Paul Muolo, and Charles Wisniowski
A few days the megabanks will reveal 2Q earnings, letting us know how gain-on-sale margins are holding up.
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Springleaf Shifts to Delinquent Mortgages in Latest Non-Agency MBS

July 8, 2013
Brandon Ivey
As with previous MBS issued by Springleaf, the mortgages in the security were originated by firms owned by Fortress Investment Group.
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Ocwen Completes Massive Subprime MSR Transfer to Affiliate

July 8, 2013
Paul Muolo
The sale price breaks down as follows: $2.43 billion for the servicing advances and $241 million for the MSRs.
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PennyMac Agrees to Buy NPLs From Citigroup

July 8, 2013
Paul Muolo
Citigroup, which runs an active NPL trading desk, acquired the assets from a large money-center bank.
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Short Takes: How Much Does Your Mortgage CEO Make? / Georgia Lender Blows Up? / The Fear of Eminent Domain Lives On / Total Mortgage Services Plans to Buy a New HQ Building

July 8, 2013
George Brooks and Paul Muolo
New report sheds light on how much nonbank mortgage workers earn.
Read More
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Latest Imf News

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