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And the Beat Goes On: Banks Continue to Cede MSR Business to Nondepositories

September 22, 2016
John Bancroft
Meanwhile, bank whole loan portfolios have been increasing – largely because of the resurgence of jumbo mortgage originations, along with the recovery in home-equity lending.
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Nationstar Mortgage JV with KB Home to End; $1 Billion of Production in Limbo?

September 21, 2016
Paul Muolo
The privately held Stearns Lending is already “offering mortgage banking services” to the homebuilder’s customers…
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Judge Orders Govt. to Produce More GSE-Related Docs, Shows Signs of Frustration

September 21, 2016
Carisa Chappell
Margaret Sweeny, the judge presiding over the case, is growing increasingly frustrated with the government’s attempt to keep documents out of the public domain
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Short Takes: Hillary to Turn GSEs Into Public ‘Utilities’? / Don, Low Rates are Good / How Far Will the OCC Go? / A Lack of Ethics was the Problem / Bestborn Hires Three

September 21, 2016
Paul Muolo
So, what’s wrong with banks and financial service companies offering sales quotas? Nothing at all, if...
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Freddie Mac Predicts a 3Q16 Production Boom of $595 Billion

September 21, 2016
Brandon Ivey
Freddie expects originations to hit $2.0 trillion this year, a 14.3 percent sequential improvement…
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Mortgage Production is Booming but Reports Abound of Appraisers Cherry-Picking Assignments and Charging ‘Rush Fees’

September 21, 2016
Paul Muolo
One mortgage CEO who runs a California-based shop told IMF his firm recently was in a pinch and paid a $1,500 “rush fee” to an appraiser to get a deal done on time.
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Former Clayton Chief Joe D’Urso Lands at Pretium Partners

September 21, 2016
Paul Muolo
Founded by former Goldman Sachs executive Donald Mullen, Pretium Partners bills itself as a specialized investment management firm with roughly $6.5 billion of assets under management.
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Short Takes: The Wells Fargo Senate Barbeque / The Scandal’s Effect on Wells’ Mortgage Business? / Hats Off to the Los Angeles Times / Sen. Warren Slams Stumpf / Jumbo Update

September 20, 2016
Paul Muolo and Brandon Ivey
Will a potential residential mortgage customer bolt Wells Fargo because they can’t trust the bank’s employees, including its retail loan officers?
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Mortgage Trade Groups Fear an 'October Surprise' on the GSE CSP

September 20, 2016
Paul Muolo
“We’re extremely concerned the CSP would be transferred to a nonprofit or a corporation where the board members include executives from JPMorgan Chase or GE Capital,” CMLA's Corso said.
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MountainView, Prestwick Roll Out New MSR Auctions

September 20, 2016
Paul Muolo
As rates increase, more deals are hitting the market...
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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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