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Inside Mortgage Trends
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Knock.com Launches Home Trade-In Platform

February 2, 2018
Knock.com, a fledgling online real estate service, has announced a novel way of buying and selling homes based on a “trade in.”
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Hurricanes Drive Up 90-Day Delinquencies

February 2, 2018
It’s been a few months since hurricanes Irma and Harvey pounded coastal areas of the U.S. mainland, but the storms are continuing to wreak havoc on many affected homeowners. The latest data from Black Knight, in Jacksonville, finds that 90-day delinquencies have jumped due to the hurricanes’ impact.
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Walter’s $5 Million CEO Tony Renzi to Depart. No Successor Named

February 2, 2018
Among residential servicers, Ditech ranked 11th at yearend, according to figures compiled by Inside Mortgage Finance.
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Walter’s $5 Million CEO Tony Renzi to Depart. No Successor Named

February 2, 2018
Paul Muolo
Among servicers, Ditech ranked 11th at Dec. 31, according to figures compiled by Inside Mortgage Finance.
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Mortgage Banking Less Profitable for Banks in 2017, Defections Still Rare

February 2, 2018
Despite declining volume and the rollercoaster of hedge accounting, most banks turned in positive results on their mortgage-banking activities in 2017, according to a new Inside Mortgage Trends analysis of fourth-quarter earnings reports from publicly-held companies.
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Retail Loans Less-Risky in Agency Market

February 2, 2018
Retail mortgage-origination platforms tend to generate lower-risk mortgages than other channels, according to a new Inside Mortgage Trends analysis of home loans delivered into Fannie Mae, Freddie Mac and Ginnie Mae mortgage-backed securities.
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Nonbanks Reach Another MSR Milestone: A 43 Percent Market Share Among the Top 50

February 1, 2018
John Bancroft
The $3.42 trillion of servicing held by nonbanks was up 20.7 percent from December 2016…
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PHH CEO Robert Crowl Gets a New Contract, Could Earn $2 Million-Plus This Year

January 31, 2018
Paul Muolo
Over the past two years, PHH has sold off large chunks of its MSR portfolio, while remaining as the subservicer of record…
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Appeals Court Rules in PHH’s Favor in RESPA Dispute with the CFPB; However, CFPB's Constitutionality is Upheld

January 31, 2018
Thomas Ressler
The ruling is a huge win for the mortgage industry, said former CFPB attorney Benjamin Olson, now a partner at the Buckley Sandler law firm…
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Short Takes: Leaked DOJ Memo Directs Prosecutors to Dismiss Meritless FCA Cases / FCA by the Numbers / Joshua Rosner Weighs in on Corker Bill / Flushing GSE Money Down the Toilet? / Ally’s Mortgage Profit

January 31, 2018
Paul Muolo and George Brooks
DOJ notes that “over the last several years” there has been a record increase in qui tam (whistleblower) actions filed under the False Claims Act...
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