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Home » Topics » Inside Mortgage Finance » Servicing

Servicing
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Bob Appel, EVP of Default Servicing, Resigns from Nationstar

March 21, 2013
Paul Muolo
Nationstar Mortgage, a fast growing residential servicer, is losing the man in charge of default processing at the firm.
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Short Takes: CFPB Shows Some Love for the Industry? / Chamberlain to Head PNC Mortgage / Quicken Loans Owner Keeps Gobbling Up RE in Detroit / Gorman & Gorman Home Loans Sold

March 21, 2013
Paul Muolo and Thomas Ressler
Industry veteran Sy Naqvi is stepping down as CEO of PNC Mortgage.
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Use of Cash Financing Increasing, More Investors Buying Homes

March 20, 2013
Brandon Ivey
The share of cash purchases of homes increased for five consecutive months, hitting 32.3 percent in February, based on the three-month moving average.
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Mortgage Applications Tumble Again, Refi Share Falls for 10th Straight Week

March 20, 2013
Paul Muolo
Is the refinancing boom finally over? Some mortgage bankers are beginning to get nervous.
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Short Takes: Genworth Executive Bolts for Servicer / Hedge Funds Get Cold Shoulder from the GSEs? / Chimera Continues to Have Reporting Problems / The Cordray Saga Continues / PLS Modifications at 45 Percent

March 20, 2013
Paul Muolo and Thomas Ressler
Genworth is losing a top MI executive to a mortgage servicer. And more woes for Chimera...
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Banks Increase Servicing Valuations in Late 2012

March 19, 2013
John Bancroft
At the end of the year, banks and thrifts serviced $5.323 trillion of home mortgages for other investors, giving these MSRs an asset value of $41.43 billion.
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Kondaur Active in the NPL Market Again: Sources

March 19, 2013
Paul Muolo
It would appear that Kondaur Capital of Orange, CA, is once again actively seeking out portfolios of nonperforming loans.
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Walter Gets Big Warehouse Line, Buying More MSRs, but Loses Money in 4Q

March 19, 2013
Paul Muolo
Walter Investment Management lost money in the fourth quarter and for the full year but that's because it's been gobbling up billions of dollars in mortgage servicing rights.
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Senate Banking Panel Approves Cordray to Head CFPB But GOP Isn’t Happy

March 19, 2013
Thomas Ressler
The Senate Banking Committee, as expected, approved the nomination of Richard Cordray to head the CFPB, but Republicans are not happy about the structure of the young agency.
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Short Takes: HUD Ready to Slash Contractors / CoreLogic Sees Improvement in Underwater Homes / Two Harbors Raises $673 Million / HSBC Planning the Mother of All NPL Auctions?

March 19, 2013
Paul Muolo
HUD may be forced to cut some of its vendors due to the federal sequester. Meanwhile, Two Harbors raises $673 million.
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