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Home » Topics » News » Inside Mortgage Trends

Inside Mortgage Trends
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Home Equity Softened in 1Q17, but Growth Prospects Looking Up

June 21, 2017
John Bancroft
Bank of America continued to dominate second lien lending with $4.05 billion of originations during the first quarter of 2017…
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Subservicers Post Steady Gains; Cenlar Continues its Dominance

June 21, 2017
Paul Muolo
Nationstar, in particular, has been aggressive in scouting for subservicing clients, and scored a big coup in January…
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After Last-Ditch Effort at a Capital Raise, Mortgage ‘Disruptor’ Sindeo Folds

June 21, 2017
Paul Muolo
According to resumes posted on LinkedIn, Stamos had no direct mortgage lending experience whatsoever, nor did his co-founder Ori Zohar.
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Summer’s Here and the Mortgage M&A Market is Heating Up

June 21, 2017
Paul Muolo
One industry consultant who expects a lot of activity this year is David Lykken, president of Transformational Mortgage Solutions.
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Short Takes: Is Nationstar Listening to Trump? / India Office Will Stay Open / What Will Ocwen Financial Do? / Big M&A Maybe / DocMagic Ready for UCD

June 21, 2017
Paul Muolo
The Nationstar news begs another question: Will Ocwen Financial, which employs thousands of servicing workers overseas, follow suit?
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Banks and Thrifts Continue to Backpedal From Mortgage Servicing

June 20, 2017
John Bancroft
Not all depositories are retreating from the MSR market. The credit union industry reported a combined $197.6 billion in mortgage servicing for others at March 31, up 1.5 percent…
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IG Sounds Warning: 87 Percent of HUD’s Tech Systems Near the End of Their ‘Life Cycle’; Math Problems Ensue…

June 20, 2017
Paul Muolo
The problem is so bad that HUD is having trouble doing mathematical calculations…
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Short Takes: Fed Vice Chair Fischer Says Go with the ‘Explicit’ Guarantee / Asking the Fed’s Opinion on GSE Reform? / FBR Bullish on MI / A Slight Pay Cut for MGIC’s CEO / Ocwen Hires Ex-Stonegate Executive

June 20, 2017
Paul Muolo
FBR believes continued changes at FHA will benefit private mortgage insurers...
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Short Takes: loanDepot Beefs Up Social Media Research / Fairholme Attorney on the Phone / Stated-Income Loan from Silver Hill / What Cowen Expects / Premium Title Grows Sales Team

June 19, 2017
Carisa Chappell and Paul Muolo
Fairholme is scheduled to talk about its investment in Fannie Mae and Freddie Mac...
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Banks and Thrifts Continue to Backpedal From Mortgage Servicing Market in 1Q17

June 16, 2017
The banking industry retreated a little further from the business of servicing mortgages for other investors during the first quarter of 2017, although a change in reporting requirements made the change look a little bigger than it really was. A new Inside Mortgage Trends analysis of bank call reports shows that commercial banks and savings institutions serviced a total of $3.640 trillion of home mortgages for other investors, typically mortgage-backed securities trusts. These are mortgage servicing rights that the bank owns; in some cases a third party may perform the actual servicing and in others the bank may provide subservicing on MSR it doesn’t own. The March servicing-for-others figure was...[Includes one data table]
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