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Home » Topics » News » IMFnews

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New Residential Readies Additional Offering of Stock. MSRs on the Shopping List?

November 1, 2018
Paul Muolo
According to Inside Mortgage Finance, New Residential ranks fifth among all residential servicers with a $384.0 billion portfolio at Sept. 30.
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Second-Tier Servicers Continued to Gain Market Share in 3Q18

November 1, 2018
John Bancroft
Meanwhile, the group of servicers ranked sixth through 25th had a combined increase of $119.9 billion from June 30…
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First Pacific Advisors Discloses a 30.9 Percent Stake in Ditech

November 1, 2018
Paul Muolo
First Pacific is an institutional money management firm...
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Short Takes: Should the GSEs Increase Servicing Compensation? / Hanging with Mr. Cooper at No. 3 / PennyMac’s Amended Repo Line / Strong Underwriting Income for Arch, KBW Likes Radian

November 1, 2018
Paul Muolo
David Fleig of MorVest: “We have numerous active conversations with clients thinking about selling MSRs and I am sure our competitors do as well.”
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Freddie Earned $2.7 Billion (Net) in 3Q18. Treasury Will Get $2.6 Billion

October 31, 2018
Paul Muolo
Freddie said it expects to make the $2.6 billion dividend payment in December.
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Nonbanks Kept Growing Origination Share in 3Q18

October 31, 2018
John Bancroft
Year-over-year, United Wholesale Mortgage had the largest gain at 52.2 percent, based on originations through the first nine months of 2018.
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States Criticize the CFPB’s Plan for a Trial Disclosure ‘Sandbox’

October 31, 2018
The current policy, issued in 2013, says the bureau will not approve a trial disclosure that weakens consumer understanding of valuable information, even if it improves cost effectiveness.
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MIAC, Phoenix Capital Out with New MSR Offerings

October 31, 2018
Paul Muolo
According to the offering circular, the portfolio is top-heavy with Ginnie product...
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Short Takes: Judging Risks and Rewards at Freddie / The Gift that Keeps on Giving: The Trump Tax Cut / Despite Some Losses, Mortgage Bankers Remain Liquid / An Earnings Decline at Radian / Leaving Wells Fargo for a Nonbank

October 31, 2018
Carisa Chappell and Paul Muolo
Freddie Mac benefited to the tune of $200 million (pre-tax) by reducing the write-down on its net deferred tax asset...
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Freddie’s Layton: GSE CRT Economics Sometimes Misunderstood

October 31, 2018
Carisa Chappell
Freddie CEO Don Layton said the CRT deals are “amazingly efficient…”
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