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MBA: Servicing Losses Worsen by 36 Percent, But Origination Profits Rise 104 Percent

August 30, 2016
Paul Muolo
The results should surprise few: big gains on production, losses on servicing…
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Prestwick Selling $502 Million of Fannie Mae/ Freddie Mac Servicing Rights

August 30, 2016
Paul Muolo
All of the loans were funded through the retail channel by the seller company.
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Subservicer Statebridge Nearly Doubles Contracts to $2.60 Billion

August 30, 2016
Brandon Ivey
FrontRange Capital first invested in Statebridge back in 2013. The money allowed the subservicer to buy out its then-owner, Integrated Asset Services.
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Subservicer Rushmore Launches Consumer-Direct Channel; Former Nationstar Exec Leads the Effort

August 30, 2016
Paul Muolo
While Rushmore’s headquarters is in Southern California, the production operation is based in Dallas, where Steve Mix worked for Nationstar.
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The Six-Month Tally: FHA Production Up 8.4 Percent, VA by Almost 13 Percent

August 30, 2016
George Brooks
It was the highest three-month total for government-insured lending on record, although private mortgage insurance did more business in the second quarter than either FHA or VA…
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A $2.5 Billion a Year Lender Files IPO Documents. It’s a Bank Though…

August 29, 2016
Paul Muolo
In 2014, FB Financial began retaining more of its servicing rights and now has a $4.0 billion portfolio.
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Short Takes: Just Because You’re Kicked Off the NYSE, That Doesn’t Mean… / Buying an MB for Diversification Purposes / A 10 Percent Broker Market Share and Holding / Clayton and Angel Oak / Nationstar is Hiring!

August 29, 2016
Paul Muolo
The nation's fourth largest servicer, Nationstar Mortgage, will hold a job fair on Sept. 12 at the Maude Cobb Convention Center in Longview, TX.
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REIT MBS Holdings Up Modestly in 2Q16, but…

August 29, 2016
John Bancroft
Annaly Capital Management remained the top REIT MBS investor despite an 0.8 percent drop in its portfolio.
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MBA Issues Warning on Lenders Getting Involved in Downpayment Assistance Programs

August 29, 2016
George Brooks
The FHA and the Inspector General of HUD currently are at odds over permissible sources of single-family downpayment assistance offered through housing finance agencies.
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Jumbo Originations Increase Sharply in 2Q as Megabanks Turn on the Gas

August 26, 2016
Brandon Ivey
Marianne Lake, Chase’s CFO, said jumbos are the bank’s “first priority” among mortgage originations.
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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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