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Agency MSR Transfer Market Gained Speed in 3Q16

October 31, 2016
John Bancroft
Pingora Loan Servicing, Matrix Financial Services and Arvest Bank were the top acquirers of GSE servicing through co-issuance over the first nine months of the year.
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Mortgage Industry Catches a Break, for Now, on Change to IRS Tax Transcript Process

October 31, 2016
Thomas Ressler
Earlier in the year, the IRS said it planned to strengthen the protections for e-services accounts by requiring a stronger identity verification process for existing and new accounts.
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MIAC Selling $880 Million of Servicing; MountainView to Auction NPLs

October 31, 2016
Paul Muolo
The NPLs are being offered on behalf of a residential loan asset manager…
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Conservative Think Tank Supports CFO Golden Parachute Appeal

October 31, 2016
Carisa Chappell
The Cato Institute said the former Freddie executive Anthony “Buddy” Piszel consistently received exemplary performance reviews and was cleared of any wrongdoing…
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Short Takes: Trouble Ahead for the GSEs, Warns Former Audit Committee Director / A $3 Billion Capital Buffer Should Do the Trick / Shadow = Illegal? / Stonegate GC Jumps Ship for FGMC / A Correction

October 31, 2016
Brandon Ivey and Paul Muolo
Are nonbanks 'shadow' institutions, and if so, is that a bad thing?
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As of Halloween, BofA’s MLOs are LOs and Must Offer Auto Loans Too

October 31, 2016
Paul Muolo
One observer called the change “huge.”
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Commercial MBS Gained Momentum in 3Q16, But Still Lags Last Year’s Pace

October 28, 2016
John Bancroft
For the past nine years, Fannie Mae, Freddie Mac and Ginnie Mae have dominated the multifamily MBS sector…
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Will Ginnie Mae’s New ‘Acknowledgement Agreement’ Bolster MSR Liquidity?

October 28, 2016
Paul Muolo
Late this week, a spokesperson for Ginnie Mae could not offer any specifics about the revised acknowledgement agreement but noted the changes are “almost” complete.
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SG Capital Partners Issues its First Nonprime MBS; RPM Mortgage the Top Contributor

October 28, 2016
Brandon Ivey
Nationstar Mortgage will service 87.4 percent of the mortgages with Cenlar handling the other loans.
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Commercial Mortgage Securitization Gained Momentum In Third Quarter, But 2016 Still Well Behind Last Year

October 28, 2016
New issuance of commercial mortgage securities increased substantially during the third quarter, with both the private and agency sectors posting solid gains, according to a new Inside MBS & ABS analysis. A total of $53.14 billion of income properties were securitized during the third quarter, a 33.4 percent increase from the previous period and the strongest three-month output since the second quarter of last year. That brought year-to-date issuance to $137.74 billion, off 12.4 percent from the pace set in the first nine months of 2015, and it would take a huge fourth-quarter surge for the market to reach last year’s total. Non-agency commercial MBS production rose...[Includes one data table]
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