Subservicing Volumes Begin to Ebb but Long-Term Prospects Look Good March 14, 2018 Paul Muolo At the end of the fourth quarter, Cenlar ranked first among all subservicers…Read More
Fitch: Consolidation Expected Among Nonbank Servicers. Rising Costs a Major Concern March 14, 2018 Brandon Ivey Fitch said independent nonbank servicers remain vulnerable to rising costs…Read More
IMA Hits the Market with a Large Bulk GSE Auction March 14, 2018 Paul Muolo The package from IMA boasts low delinquencies and a high percentage of loans based in California…Read More
Fresh Off of Restructuring Walter/Ditech, Renzi Joins the Nation’s Largest Subservicer March 14, 2018 Paul Muolo Earlier this year, Renzi stepped down as CEO and president of Walter Investment Management Corp., the parent of Ditech Financial...Read More
New Disclosures Show that Fannie and Freddie Keep Adding Workers March 13, 2018 Paul Muolo Both companies have been solidly profitable since earlier in the decade…Read More
Short Takes: Impac, the Day Before the ‘Ides of March’ / A Boost for Ditech? / Market Cap? / CFPB Cedes Power to the States / A Promotion at NTC March 13, 2018 Paul Muolo and Yemeng Yang Under Acting Director Mick Mulvaney, the CFPB will rely on state regulators and state attorneys general for more leadership when it comes to enforcement...Read More
Banks Continue to Invest in First Liens; Holdings Up 4.1 Percent March 12, 2018 Brandon Ivey Wells remained the top portfolio holder at the end of 2017, though Chase and BofA grew faster.Read More
M&A Market Heats Up; Skyline Entertaining Takeover Talks? March 12, 2018 Paul Muolo Consultant Dave Lykken: “There are some firms out there that are just flat out of cash. They just didn’t get ahead of this thing.”Read More
Mortgage Brokers Add Jobs, Bankers Don’t; JPM, Quicken, Others are Hiring March 12, 2018 Paul Muolo Quicken Loans continues to hire technology-related workers…Read More
Citadel Loosens Underwriting Standards on Nonprime Products, Citing Strong Loan Performance March 12, 2018 Brandon Ivey Citadel introduced a 5/1 hybrid adjustable-rate mortgage and a 5/25 interest-only term loan…Read More
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