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BofA Posts Slower Origination Growth Than Peers, Continues to Hire LOs

July 15, 2015
Paul Muolo
The mortgage division is housed in BofA’s consumer banking division, which employed 65,818 workers at the end of June.
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Proposed Change to HUD Form Seen as Loophole for Chase and Citi to Continue Funding FHA Mortgages

July 15, 2015
Brandon Ivey
Chase was the sixth largest FHA lender in 2014 with $1.67 billion. Citi ranked 62nd with $342.4 million.
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Moderate Growth for Subservicers in New Ranking, Nonbanks Continue to Dominate

July 15, 2015
Paul Muolo
According to IMF’s exclusive ranking, Cenlar ranked first among all subservicers at the end of the first quarter with an estimated $252 billion of contracts...
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Mortgage Applications Decline Slightly, Refi Share Rises

July 15, 2015
Sherry Muolo
Some residential lenders are still living off of refi applications that were filed earlier in the year...
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Interactive Mortgage Advisors Working on $6 Billion of Ginnie MSR Deals

July 15, 2015
Paul Muolo
IMA Managing Member Tom Piercy said the advisory firm also plans to offer an $800 million package of Fannie Mae/Freddie Mac servicing rights.
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Short Takes: Specialty Servicer Wingspan Finally Goes Bust / Too Many Debts, Not Enough Assets / Auction.com Steps Up on CRE Sales / Correction on FHFA / Stonegate Hires TPO Executive

July 15, 2015
Paul Muolo
One source close to Wingspan told IMFnews that many executives have been let go, including marketing director Guy Davies.
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Mortgage Complaints Filed with the CFPB Down 11 Percent, But…

July 14, 2015
Thomas Ressler
Complaints about residential mortgages were among the first type of gripes to be accepted and tracked by the CFPB’s consumer complaint database.
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Wells and JPM Report Gains in Residential Lending; Applications Are Another Story

July 14, 2015
Paul Muolo
JPMorgan Chase earned $584 million from its mortgage banking division in the second quarter, more than double the profit of the first quarter.
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Green Tree’s Big Servicing Mistake: Calling the Neighbors

July 14, 2015
Brandon Ivey
After being unable to reach the borrower for several months, Green Tree called the borrower’s neighbors multiple times, asking them to have the borrower call the servicer.
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As Rates Rise, MSR Values Firm Up. What’s Next for Prices?

July 14, 2015
Paul Muolo
With the second quarter having just ended, several large flow and bulk MSR transactions are in the works...
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