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The State of Mortgage Servicing Sales: ‘Hand to Hand Combat’?

October 5, 2016
Paul Muolo
Through the first six months of 2016, $78.5 billion in bulk rights have changed hands, compared to $253.1 billion in 2015…
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TRID Compliance Reviews So Far Have been ‘Diagnostic’ in Nature

October 5, 2016
Thomas Ressler
One attorney noted that in his opinion state regulators are still learning the rule…
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‘Service Levels’ Prompted KB Home to Switch Lender Partnership from Nationstar to Stearns

October 5, 2016
Brandon Ivey
KB Homes CEO Jeff Mezger said Stearns’ lending platform is far more efficient than Nationstar’s…
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Three Investors Win Bid for $963 Million of Freddie Mac NPLs; Loans Serviced by Wells and Ditech

October 5, 2016
Paul Muolo
Roughly 48 percent of the loans were previously modified and then became delinquent again.
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Judge’s Ruling in GSE Shareholder Case Finds No Reason to Keep Government Docs Hidden

October 5, 2016
Carisa Chappell
Fairholme, which won this round, controls roughly $2.4 billion of GSE junior preferred…
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BofA Finally Pulls the Plug (in its Entirety) on the Merrill Lynch-PHH Private-Label Contract

October 4, 2016
Paul Muolo
In the new SEC filing, PHH notes: “Merrill Lynch originations will contribute approximately $45 million of pre-tax earnings for fiscal year 2016 based on the company’s estimate of Merrill Lynch loan closing volume for 2016.”
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Yet Another Lender Settles FHA Claims: PRMI of Utah

October 4, 2016
Paul Muolo
According to a mid-year ranking by Inside FHA/VA Lending, PRMI ranks 15th nationwide among all FHA lenders.
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Fresh HMDA Data Show a Surge in Refi and Govt. Purchase Loans Sparked Production Last Year

October 4, 2016
John Bancroft
Interestingly, new originations increased slightly more than the 31.2 percent increase in new applications filed during the year.
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Short Takes: PHH’s Disclosure Was Long Expected / Doomed? / PHH Asks for ‘Confidential Treatment’ / Compliance Can Cost / Expanded HMDA Collections Coming Soon

October 4, 2016
Paul Muolo and Thomas Ressler
PHH also wants certain information kept confidential...
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TRID Comment Letters Keep Rolling In; LOs Coaching Borrowers to Trust Them?

October 4, 2016
Thomas Ressler
“In no other industry could you say you are charging a high fee and just promise it to be lower when you arrive for closing,” one commenter said.
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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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