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Home » Topics » IMFnews » Servicing

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A Slim 2Q Profit for Guild, A Loss for Finance of America

August 12, 2021
Paul Muolo
The "Big Kahuna" of mortgage banking, Rocket Companies, reports 2Q21 results after the stock market closes on Thursday...
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CFPB Gives Servicers Decent Grade on Forbearance Work. However…

August 11, 2021
Lisa Burden
The agency noted, “A few servicers were outliers, reporting relatively higher average time to answer and abandonment rates.”
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Depositories Report 2Q21 Slump in Mortgage Banking Income

August 10, 2021
John Bancroft
Overall, Wells Fargo continued to post the biggest earnings of the group...
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An Ugly 2Q Loss for Home Point as GOS Plunges

August 10, 2021
Paul Muolo
The mostly wholesale originator (71.8% of production) funded $25.5 million in loans during the April-to-June period, down 13.5% sequentially.
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Servicers Face Busy Autumn Thanks to Forbearance Exits

August 10, 2021
Monica Hogan
Black Knight: “While some borrowers will elect to leave forbearance early between now and their final expiration, servicers are still facing significant operational challenges"...
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Yet Another Gain for Mortgage Employment

August 9, 2021
Paul Muolo
Another record reading for mortgage employment? Looks that way...
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Higher Ginnie Mae Requirements Could Spell Trouble for MSRs

August 9, 2021
Paul Muolo
Commercial banks could, once again, become big players in the GNMA MSR market but few find that likely...
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Not a Pretty Picture for the Mortgage IPO Class of ’20-21

August 6, 2021
Paul Muolo
It's hard out there for a publicly traded mortgage company, especially for the recent IPO class...
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PennyMac is Not Immune. 2Q Results Affected by MSR Marks, Lower GOS

August 6, 2021
Brandon Ivey
In 2Q, margins compressed at PennyMac and the value of its MSRs fell sharply. Sound familiar?
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MSR Auctions Remain Muted, Activity From Prestwick, MorVest

August 6, 2021
Paul Muolo
MorVest Capital recently closed out its auction of $528 million of Fannie Mae MSRs. Without providing too much in the way of detail, MorVest CEO David Fleig told IMFnews the bids were “very strong.”
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