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GSE Servicing Stagnant in 2015, but Nonbanks Gained

April 29, 2015
John Bancroft
Among the standouts in nonbank MSR growth: Seneca Mortgage, Pingora and RoundPoint...
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Treasury Criticized for Not Changing Policies Regarding HAMP Servicing Transfers

April 29, 2015
Brandon Ivey
Among other issues, the SIGTARP cited Green Tree's recent $63 million servicing settlement with the CFPB and Federal Trade Commission.
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Senate to Mark Up Regulatory Relief Bill Mid-May; QM Status for Portfolio Loans?

April 29, 2015
Thomas Ressler
It’s likely that provisions to automatically designate residential loans held in portfolio as qualified mortgages will be included in a legislative package...
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Blackstone Hires Former Lehman MGD Libman to Head Mortgage Unit

April 29, 2015
Paul Muolo
Blackstone, without fanfare, purchased Gateway Funding in Horsham, PA. More deals are in the works...
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Short Takes: Dead Silence on GSE Reform / EverBank Dumps More MSRs / Brian Libman’s Work History / The Ocwen Watch

April 29, 2015
Paul Muolo and Thomas Ressler
Nationstar will take title to $6.7 billion of Fannie Mae, Freddie Mac and private investor product owned by EverBank...
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Residential Production Rises Almost 10 Percent at Flagstar; Nice Gain-on-Sale Improvement

April 28, 2015
Paul Muolo
More than half of Flagstar's servicing portfolio consists of subservicing contracts.
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More Signs of a Comeback for Loan Brokers: Market Share at 12.9 Percent

April 28, 2015
John Bancroft
The megabanks still report broker production in their loan sales figures, but most of the activity involves seasoned loans.
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Mortgage Earnings at Home Street Rise Sharply, Expansion Continues

April 28, 2015
Brandon Ivey
HomeStreet funded $1.61 billion of new originations in the first quarter of 2015, a 21 percent improvement from the previous quarter.
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Lender-Paid Mortgage Insurance Faces Scrutiny from the GSEs, FHFA

April 28, 2015
Paul Muolo
Quicken made news earlier in the year when it heavily promoted to loan brokers a 60-hour LPMI “sale” committing coverage for $100 million in originations.
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Short Takes: Strong Demand for Mortgage Chief Operating Officers? / Lenders Without Budgets are Less Profitable / Ocwen Turned Down a Good Bid / A CEMA Tale and BofA

April 28, 2015
Paul Muolo
Recruiter Rick Glass said the thirst to hire high-caliber mortgage COOs is coming from lenders that “want to move to the next level.”
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Latest Imf News

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Featured Data

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Featured Reports

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