The nation’s subservicing specialists increased their contracts by a modest 4.4 percent on a sequential basis in the second quarter of 2015, a sign that many originators would rather outsource the nitty-gritty chore of loan processing to others instead of doing it in house. Compared to the same period a year earlier, subservicing grew a more impressive 20.5 percent to $1.410 trillion, according to exclusive survey figures compiled by Inside Mortgage Finance. The increasing complexity and compliance cost of servicing make...[Includes one data table]

Ocwen has so many workers in India that it hedges its risk against the currency there, the Rupee.

All of the servicing rights being auctioned off are currently being subserviced by Cenlar.

“It was a great channel for some time, but the competitive landscape is expanding rapidly,” said one executive at the company.

Ginnie Mae defines “inactivity” as 18 months of dormancy. At least 50 issuers meet that definition...

Meanwhile, the MBA chief – and his members – were caught off guard by Tozer’s comments about nonbanks and servicing transfers.

American Advisors Group ranked first among all reverse mortgage originators in the first half, funding $1.2 billion. None of the top 15 are depositories.

One frequent participant on the buy-side of MSR deals called the current price structure “fair” and below the “overheated” level that buyers witnessed a year ago.

Most of Ocwen’s back-office workers are overseas in India and the Philippines where call center workers make much less than their U.S. counterparts.

Ginnie Mae securitization data for the first six months reflect an upward trend in VA loan originations...