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...

Ocwen Financial continues to sell servicing rights and pay down debt. But its stock price isn't moving very much.

Despite the 90 percent estimate offered by Applegate, the government-sponsored enterprises’ use of the CSP – let alone the GSE single security – looks to be a ways off.