Freddie notes, “The volume of specialty servicing may shrink as the number of legacy loans dwindles, but specialty servicing is likely to remain an active part of the mortgage servicing industry…”
First on the IG's "to-do" list is an audit of the CFPB’s space-planning activities, largely in response to the bureau’s renovation of its headquarters building.
All of the red ink spilled on MSR marks in the third quarter will be reversed and turned into gains when servicers report their results early next year? “Generally, that’s correct,” said one mortgage CEO.
Stearns Lending was the top table funder in 3Q15 with $2.95 billion originated through loan brokers. United Wholesale Mortgage was an extremely close second at $2.94 billion.