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Home » Topics » IMFnews » Servicing

Servicing
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NCUA to Allow Credit Unions to Acquire MSRs from Other CUs

December 17, 2021
Brandon Ivey
Certain credit unions will finally be allowed to acquire mortgage servicing rights starting in April.
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Inspector General Calls on CFPB to Improve Supervision of Nonbanks

December 17, 2021
Sam Manas
In 2016, the GAO found that the bureau lacked a comprehensive list of nonbank mortgage servicers...
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As the Calendar Ticks Down, Bulk MSR Sales Proliferate

December 17, 2021
Paul Muolo
Meanwhile, David Fleig, president of MorVest Capital, was reporting “very strong” interest in MSR financing on the part of independent mortgage bankers.
Read More

Short Takes: A Good Time to Be a Purchase Lender / Forbearance Increases / Annual Meetings, Already? / Date, Fenway and Better

December 17, 2021
Paul Muolo and Brandon Ivey

Slow but Steady Growth for the Subservicing Sector

December 14, 2021
Paul Muolo
The biggest issue for the sector rests on the future of market leader Cenlar FSB, which in October was sanctioned by the OCC...
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Production Income Gains as Servicing Turns Profitable

December 13, 2021
John Bancroft
Figures gathered by the Mortgage Bankers Association suggest that production and secondary marketing income rose on a per-loan basis even though production efficiency was off.
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Ginnie Mae EBOs Starting to Look a Bit Rich?

December 10, 2021
Paul Muolo
Tad Dahlke of RAMS Mortgage Capital said buyers and sellers are becoming more selective...
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Subservicing Continues to March Forward, Slowly

December 9, 2021
Paul Muolo
The explosive growth enjoyed by subservicing vendors in past years is beginning to ebb, but the train is moving forward nonetheless. Meanwhile, all eyes are on market leader Cenlar. (Includes data chart.)
Read More

Nonprime Servicing Portfolios Mostly Unchanged in 3Q21

December 8, 2021
Brandon Ivey
Three of the top five nonprime servicers posted declines from the second to the third quarter.
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Servicers Urge Ginnie to Lift RPL Pooling Restrictions

December 8, 2021
Monica Hogan
In a letter to Ginnie leadership, the groups said the substantial re-delivery restrictions have negatively impacted market liquidity for these loans...
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