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Interactive Mortgage Advisors Working on $6 Billion of Ginnie MSR Deals

July 15, 2015
Paul Muolo
IMA Managing Member Tom Piercy said the advisory firm also plans to offer an $800 million package of Fannie Mae/Freddie Mac servicing rights.
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Short Takes: Specialty Servicer Wingspan Finally Goes Bust / Too Many Debts, Not Enough Assets / Auction.com Steps Up on CRE Sales / Correction on FHFA / Stonegate Hires TPO Executive

July 15, 2015
Paul Muolo
One source close to Wingspan told IMFnews that many executives have been let go, including marketing director Guy Davies.
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Mortgage Complaints Filed with the CFPB Down 11 Percent, But…

July 14, 2015
Thomas Ressler
Complaints about residential mortgages were among the first type of gripes to be accepted and tracked by the CFPB’s consumer complaint database.
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Wells and JPM Report Gains in Residential Lending; Applications Are Another Story

July 14, 2015
Paul Muolo
JPMorgan Chase earned $584 million from its mortgage banking division in the second quarter, more than double the profit of the first quarter.
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Green Tree’s Big Servicing Mistake: Calling the Neighbors

July 14, 2015
Brandon Ivey
After being unable to reach the borrower for several months, Green Tree called the borrower’s neighbors multiple times, asking them to have the borrower call the servicer.
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As Rates Rise, MSR Values Firm Up. What’s Next for Prices?

July 14, 2015
Paul Muolo
With the second quarter having just ended, several large flow and bulk MSR transactions are in the works...
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Rent Low, Buy High for Some Counties

July 14, 2015
Sherry Muolo
The “major” counties where it’s cheaper to rent are all in Southern California...
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Short Takes: Wells’ Appetite for Nonconforming Mortgages Rises / Someone Who Didn’t Rat Out the Neighbor on a Foreclosure / Locating Delinquent Borrowers on Facebook / How Much in Senior Home Equity? / A New Hire for LenderLive

July 14, 2015
Brandon Ivey, Paul Muolo, and Sherry Muolo
A few years back, one investor in nonperforming loans told us that when he couldn’t find a delinquent borrower he turned to the Internet, namely Facebook...
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Jumbo MBS Tumbles Almost 33 Percent in Second Quarter

July 13, 2015
Brandon Ivey
Credit Suisse, the top jumbo MBS issuer through the first half of 2015, placed $629.6 million of jumbo MBS in 2Q, down 44.7 percent on a sequential basis.
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Freedom Likes the VA Market; Has Added at Least 700 Workers to Promote FHA/VA

July 13, 2015
George Brooks
Over the past seven months, Freedom Mortgage has added 700 to 800 new employees to promote and originate VA and FHA loans.
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