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Home » Topics » Inside Mortgage Finance » Servicing

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Mortgage Broker Employment Hits Five-Year High

May 16, 2013
Paul Muolo
Loan brokerage firms are continuing to hire, even though their market share declined slightly in the first quarter.
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Short Takes: Okay, Who Paid $100,000 for Fannie Preferred? / Warehouse Firms Loosen HARP Standards / Mortgage Apps and Housing Starts Get Whacked / Ellington Investing in Toxic MBS / CFPB Goes Spanish

May 16, 2013
Paul Muolo and Thomas Ressler
One investor paid $100,000 per unit for a special class of Fannie Mae preferred.
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Servicer Behavior Could Drive Non-Agency MBS Performance This Year

May 15, 2013
Brandon Ivey
Feedback from residential servicers indicates that the number of new loan modifications on mortgages in non-agency MBS this year will be near levels seen last year.
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Short Takes: Turn the GSEs Into a Cooperative? / Share Price of Fannie Common Getting Frothy / FHA Finally Gets Some Good News / LPS Launches New Product / Fannie Ready for Modifications

May 15, 2013
George Brooks, Paul Muolo, and Charles Wisniowski
Why is the share price of Fannie Mae's junior preferred stock rising so much? Also, send Freddie Mac "back to the future"?
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Freddie Streamlined Modification Program to Boost MI Sector

May 14, 2013
Paul Muolo
A new modification program from Freddie Mac also will pay mortgage servicers $1,400 per unit for each successful loan restructuring.
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Short Takes: Sen. Franken Tries to Tell Wall Street How to Rate Deals / Impac Rewards Top Executives Nicely / A New Player in Warehouse Lending? / 360 Mortgage Continues to Expand in Wholesale / Two New Subcoms from MISMO

May 14, 2013
Brandon Ivey, Paul Muolo, and Thomas Ressler
If. Sen. Franken has his way, the MBS rating system will change. Meanwhile, top executives at Impac Mortgage clean up.
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Earnings Boost From Originations Offset Servicing Downturn in 1Q13

May 13, 2013
John Bancroft
Income tied to residential servicing was down 27.7 percent for the 10 lenders as a group.
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IMA Closes Two Large Bulk MSR Sales

May 13, 2013
Paul Muolo
Investors have stepped up to the plate, buying new large bulk MSRs put out for auction by Interactive Mortgage Advisors.
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Forecasters Predict an Origination Swoon in 2013

May 13, 2013
John Bancroft
Although 2013 will turn out to be a decent year in terms of residential production, next year could be quite ugly.
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Short Takes: More Investment Funds Salivating Over MSRs / Now BofA is Dumping Commercial MSRs / HLSS Continues to Take Advantage of Cheap Money / More Trouble for Chimera / Ten-Year Treasury Nears a Yearly High

May 13, 2013
Paul Muolo
Investment funds are continuing to salivate over mortgage servicing rights.
Read More
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