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Home » Topics » Inside Mortgage Finance » Servicing

Servicing
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Servicers Likely to Face Tougher Regulation Thanks to Botched Foreclosure Reviews

April 17, 2013
Brandon Ivey
Democrats in Congress have raised concerns about how five banks have responded to new servicing standards included in the $25 billion national servicing settlement.
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CFPB Deputy Director: Thousands of Nonbanks Will Be Subject to its Jurisdiction

April 17, 2013
Thomas Ressler
Nonbank mortgages lenders will not get a pass on CFPB scrutiny, a top regulator told a gathering of the American Bankers Association.
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Short Takes: Small Banks in Oklahoma Exit Mortgages Because of CFPB? / QM Rule Causes Fear and Loathing / Citigroup Aggressive in Jumbos / BofA Settles Countrywide MBS Case for $500 Mil / Applications Rise

April 17, 2013
Paul Muolo and Thomas Ressler
The CFPB is a tough cop on the beat, no doubt. But is the agency and its rules causing certain banks in Oklahoma to exit the residential lending sector?
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FHFA’s Two-Year HARP Extension Curbs Prospects of Menendez-Boxer Bill Passage

April 16, 2013
Charles Wisniowski
The industry is happy that the Home Affordable Refinancing Program has been extended, but it also means that 'HARP 3.0' might not come anytime soon.
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Ex-CFPB CIO Launches Compliance Venture for Third-Party Mortgage Investors

April 16, 2013
Paul Muolo
Tim Duncan, a past chief information officer for the CFPB, aims to protect third-party lenders from regulatory snafus with his new venture.
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Short Takes: Nationstar Mortgage Directors Clean Up / Flagstar Selling MSRs / Walter Wants to Keep Some Secrets / BofA’s Hit on Countrywide: $41 Billion / CFPB Deputy Director Meets the Hill

April 16, 2013
Paul Muolo and Thomas Ressler
Four non-management directors at Nationstar Mortgage earned almost $1.5 million last year. Meanwhile, it appears Flagstar is selling some of its MSRs.
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Residential Fundings Rise at Citigroup, Bank Marks Up MSRs Too

April 15, 2013
Paul Muolo
Although the nation's largest lender, Wells Fargo, saw residential fundings slip in the first quarter, Citigroup had a gain.
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Prestwick Selling MSRs, Offerings Keep Coming

April 15, 2013
Paul Muolo
The market for residential servicing rights is picking up a full head of steam with several packages out for bid.
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Short Takes: Will Congress Glom Onto Fannie and Freddie Earnings? / Questions About Loan Officer Compensation / Former MBS Chief Pleads Guilty / Carrington Expands in Wholesale

April 15, 2013
Paul Muolo
Now that Fannie Mae and Freddie Mac are earning a ton of money, who will have a say over what happens to that cash?
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Poor Quality of U.S. Legacy MBS Continues to Drive Overall Downgrades, Default Rates, S&P Study Finds

April 12, 2013
Credit quality for global structured finance securities fell for the sixth consecutive year in 2012, again led by U.S. residential MBS, according to Standard & Poor’s. Looking at downgrade and default trends from 1978 through 2012, S&P found that downgrades were less pervasive last year than in previous years. Nonetheless, the mild but slow global economic recovery continues to hurt the performance of MBS and other structured finance securities for the sixth straight year. Its lagging effect means that credit quality may continue to see moderate deterioration, the rating agency said. While poor credit quality appears...
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