A Tale of Two MSR Investors: Seneca’s End Draws Near, Pingora Slated for Sale Yet Again July 19, 2017 Paul Muolo The Seneca portfolio is so clean that it has attracted the interest of Chase, which hasn’t bought a bulk MSR package in years…Read More
CFPB Issues Proposal to Address the TRID ‘Black Hole’ July 19, 2017 Thomas Ressler Currently, lenders are permitted, under certain limited circumstances, to use revised estimates…Read More
Ginnie Mae Continues to Lead the Pack in Agency Servicing Growth July 19, 2017 John Bancroft Outstanding MBS servicing at Fannie actually declined slightly in the second quarter… Read More
Utah-Based Nonbank Buys Industry Vet’s First Mortgage of Oklahoma July 19, 2017 Paul Muolo A press statement on the sale included no production or servicing information for either company…Read More
Mortgage Applications Heat Up for the Week July 19, 2017 Sherry Muolo Applications are heading northward again...Read More
Short Takes: A Bulk MSR Deal from MountainView / Proposed HUD Lender Fee Is Cut From Spending Measure / Invictus Readies Nonprime MBS Deal / A Promotion at loanDepot July 19, 2017 Paul Muolo, George Brooks, and Brandon Ivey Another nonprime MBS deal is ready to hit the market, this one from Invictus Capital Partners...Read More
2Q17 Results: A 10 Percent Gain in Originations for U.S. Bancorp July 19, 2017 Paul Muolo The bank’s servicing portfolio remained just about flat at June 30, coming in at $232.4 billion...Read More
PIMCO: Non-Agency Changes Needed Before GSE Reform July 19, 2017 Brandon Ivey Over the past two years PIMCO has been a major buyer of nonprime/non-QM whole loans in the secondary market…Read More
Most Mortgage Gripes Plunge – Except for Loan Servicing July 18, 2017 Thomas Ressler Specialty servicers Ocwen and Ditech Financial ranked third and fifth, respectively, in mortgage complaints during the first six months of 2017, according to Inside the CFPB.Read More
Bank Mortgage Repurchases Trend Lower July 18, 2017 John Bancroft Bank of America once again reported the biggest volume of residential loan repurchases: $421 million…Read More
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