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New Rez: Large MSR Transfers from Banks to Nonbanks DoA; REIT in Talks with the FHFA…

February 22, 2017
Brandon Ivey
Officials at New Rez are set to meet with the FHFA to discuss servicing issues, including MSR financing…
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Thanks to Rising Rates, MSR Gains Boost Nationstar’s 4Q16 Bottom Line; Strong Revenue Growth Overall

February 22, 2017
Paul Muolo
Nationstar said it expects to board $144 billion of additional contracts in 2017, $111 billion of which is subservicing for New Residential Investment Corp.
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Short Takes: CoreLogic Executive Departs. No Reason Given / Getting Excited About Ocwen? / What Does Bill Erbey Know? / MountainView Hits Market with Two New MSR Deals / Norcom Expands Into Tampa

February 21, 2017
Paul Muolo
No details were available on why Dave Hurt parted ways with CoreLogic...
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U.S. Appeals Court Rules for Government in Key GSE Case; Price of Fannie, Freddie Common Clocked

February 21, 2017
Paul Muolo
Writing for the majority, the Appeals Court notes: “We hold that the stockholders’ statutory claims are barred by the Recovery Act’s strict limitation on judicial review …"
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House Financial Services Chair Praises Decision by Trump to Block MIP Reduction, Citing Higher FHA Delinquencies in 4Q

February 21, 2017
George Brooks
David Stevens, MBA president and chief executive officer, said the FHA’s newer books of business have great credit quality, which makes the spike in 30-day delinquencies more surprising.
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Banks Increase MBS Holdings – Went on a Buying Spree of Ginnie Mae Product in 4Q16

February 21, 2017
John Bancroft
Bank holdings of Fannie Mae and Freddie Mac pass-through securities were up a more modest 0.6 percent from the third quarter…
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MSR-Investing REIT New Residential More Than Doubles 4Q Profit to $225 Million

February 21, 2017
Paul Muolo
At Dec. 31, New Residential valued its mortgage servicing portfolio at $659 million...
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Ocwen Share Price Spikes After Servicer Settles with California

February 21, 2017
Paul Muolo
“This is a fair and just settlement for California consumers,” said CDBO Commissioner Jan Lynn Owen. “The terms will hold Ocwen accountable for widespread violations of laws that harmed borrowers in our state.”
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Trouble in the Jumbo Sector? Originations Decline for Second Consecutive Quarter; Market Share Down Too

February 21, 2017
Brandon Ivey
Meanwhile, it appears that JPMorgan Chase is ready to surpass Wells Fargo as the market leader in jumbo production…
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What We’re Hearing: Huge GSE Profits, Don’t Get Used to It / The Perfect (Earnings) Storm / A Ginnie Solution for the GSEs? / PHH’s New Strategy / Aide to HUD Nominee Ben Carson Fired for Writings Critical of Trump

February 17, 2017
Paul Muolo
One former Fannie Mae official told us that stellar profits posted by the two are “just about done.”
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Latest Imf News

  • Servicing Portfolios Decline at Rocket, Chase in 3Q

  • Onity Adjusting MSR Acquisition Strategy, Subservicing

  • Ending GSE Conservatorship by 2028 Looks Unlikely

  • Consumer Advocates Seek Stronger Regulation of HEIs

More Imf News

Featured Data

  • Top Ginnie Servicers Increase Portfolios in Third Quarter

  • Major Lenders Pull Back on ECM MBS in 3Q

  • Resets Drive CLO/CDO Issuance Higher in 3Q

  • Originations Tumble 16% in Third Quarter

More Featured Data

Featured Reports

  • Mortgage Profitability Report 2Q26 (PDF)

  • Guide to Mortgage Lending to First-Time Homebuyers

  • Mortgage Servicing Rights Report: 2Q26 (PDF)

  • Lender Profiles 2Q26: Top 25 (PDF)

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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