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CFPB Proposes ‘Substantive’ Changes to its Mortgage Servicing Rule

July 21, 2017
Thomas Ressler
The good news for the industry here is that the CFPB is, once again, responding to the concerns of market participants…
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Short Takes: NYSE-Listed Firm Selling MSR Portfolio via MountainView / Former Ginnie Chief Tozer Heads to PennyMac / No Reason Given / Galante’s Ocwen Holdings / Earnings from Black Knight and MGIC

July 20, 2017
Paul Muolo
Former Ginnie Mae President Ted Tozer will join the board of PennyMac Financial Services, the nation's fourth largest home lender, in August.
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More Shoes Drop at Walter: Delisting of Stock Possible, Layoffs and Concerns About Its Debt Restructuring

July 20, 2017
It hasn’t been a pretty month for Walter Investment Management, the publicly traded parent company of the nation’s eighth largest servicer. And it could get even uglier by the time summer is out. Not only is Walter in danger of being kicked off the New York Stock Exchange – for having a share price of less than $1.00 for too many days – but investors appear to have given up on the company and the idea that a restructuring, now in progress, will yield positive results. If Walter is...
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Invictus Packages a Variety of Mortgages into Nonprime MBS; Greenbox the Top Contributor

July 20, 2017
Brandon Ivey
GreenBox was the top contributor to the new nonprime MBS with Sprout Mortgage a close second…
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An Early Look at 2Q17 Production: A Mixed Bag at the Mega Banks; Nonbanks like UWM are Bullish

July 19, 2017
Paul Muolo
“Last year we did about $23 billion in originations and this year I expect us to hit between $27 billion and $30 billion,” said UWM CEO Mat Ishbia.
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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…
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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…
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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…
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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…
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Mortgage Applications Heat Up for the Week

July 19, 2017
Sherry Muolo
Applications are heading northward again...
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Latest Imf News

  • First-Lien Originations Decline by 16% in Third Quarter

  • Income Spikes at Rocket in Third Quarter, Helped by Servicing

  • Redwood Issuing Private Non-Agency MBS, No AAA Ratings

  • Pennymac Sees Loss on Production in 3Q; Servicing Profits

More Imf News

Featured Data

  • Seller Repurchases of GSE Loans Bounce Up in 2Q

  • Retail Share Rising in Conventional-Conforming

  • Refi Activity Plummets, Dragging Down Agency MBS in 3Q

  • ARM Production Rebounds

More Featured Data

Featured Reports

  • Mortgage Servicing Rights Report: 2Q26 (PDF)

  • Lender Profiles 2Q26: Top 25 (PDF)

  • Agency Seller-Issuer Profile: 2Q26 (PDF)

  • Top Mortgage Players: 2Q26 (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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