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Home » Topics » Inside Mortgage Finance » Servicing

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Nonbank Profits a Mixed Affair in Third Quarter

November 14, 2018
John Bancroft
Ocwen Financial has not been a model of prosperity...
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Short Takes: MMIF Audit Due Thursday / Good News Expected but no FHA Premium Cut / Trades Voice Support for Kraninger at the CFPB / A Promotion at Stewart Title

November 14, 2018
Paul Muolo and Yemeng Yang
The groups expressed their view that Kraninger has the ability to lead and manage the CFPB and protect the financial interest of consumers.
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CFPB Exams Continue Apace Despite the 'Mulvaney Effect’

November 13, 2018
Paul Muolo
MBA’s Pete Mills noted that IMBs of all sizes from small to large are examined each year…
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Altisource’s Equator Includes a Blockchain Option in its Servicing Platform

November 13, 2018
Brandon Ivey
Altisource said the tech offering provides the option for individual mortgages to be tracked as individual chains of data via blockchain...
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Short Takes: Assessing the Value of GSE Common / The Prior Decade and GSE Share Prices / Worrying About Home Values in California / Another MBS Settlement for Wells Fargo / Vendor Hires Fannie Mae Official

November 13, 2018
Paul Muolo
Early last decade, Fannie common once traded as high as $85.03, Freddie $68.20.
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GSE Credit Box Opened Slightly Wider in 3Q18

November 12, 2018
John Bancroft
The dollar volume of low-score purchase loans increased by 29.8 percent from the second to the third quarter, while total GSE purchase business went up 23.6 percent.
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Odds of GSE Reform May Not Have Changed Much

November 12, 2018
Paul Muolo
Gone from the Senate, via retirement, is Sen. Bob Corker, R-TN, a moderate Republican who was a proponent of reforming the secondary mortgage market…
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Short Takes: Still Hiring, UWM / Strong Growth for the Nation’s Largest Wholesaler / The Moelis GSE Plan: the Good and the Bad / Promotions at Nations Lending

November 12, 2018
Paul Muolo
United Wholesale Mortgage continues to hire...
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S&P: Servicers Need to Keep Best Practices Despite Loosening Regs

November 12, 2018
S&P Global Ratings last week urged mortgage servicers to continue to follow the best practices established after the financial crisis, even as some federal regulators are adopting less assertive regulatory approaches. “While we believe the regulatory landscape has changed and that these actions offer some promising developments for servicers, this overture could still prelude some hurdles,” an S&P report said. “Since servicers have invested considerable capital ...
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What We’re Hearing: The ‘Hensarling Effect’ / Team Trump, Not Congress, Will Reshape the Fannie and Freddie / Timing? / Selling Servicing Rights to Unleash Revenue / Ocwen’s Head Count

November 9, 2018
Paul Muolo
The first move expected is a possible lowering of GSE loan limits...
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