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Home » Topics » IMFnews » Servicing

Servicing
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Forbearance Reading Ticks Up. Trouble Ahead? (Probably Not)

July 30, 2021
Paul Muolo
Black Knight: “While still low, new forbearance plans hit their highest weekly level since late March, with restart activity also remaining elevated.”
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Weaker 2Q Mortgage Results From Flagstar. Bank Ups Its Game in EBOs

July 28, 2021
Paul Muolo
Flagstar's gain-on-sale margin fell to 135 basis points compared to 184 bps in 1Q21. The company also reduced the asset value of its mortgage servicing portfolio...
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CSBS Unveils New Standards for Nonbank Residential Servicers

July 27, 2021
Brandon Ivey
Overall, the states largely opted to follow capital and liquidity requirements set by the FHFA...
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Nonbanks Still Pulling GSE Servicing Train in 2Q21

July 27, 2021
John Bancroft
Freddie had the hot (MSR) hand in 2Q21...
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Ginnie MSR Transfers Surge, GSE Sales Decline

July 26, 2021
John Bancroft
The bulk transfer figures reflect deals that were struck in prior quarters...
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GSE Bulk MSRs Hit the Auction Circuit

July 26, 2021
Paul Muolo
The selling institution is based on the West Coast...
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Wells Fargo, A Mover and Shaker in the Ginnie EBO Game

July 26, 2021
Paul Muolo
The stagecoach has a huge advantage, namely that it’s the largest depository owner of Ginnie servicing rights at $149.1 billion and has an extremely low cost of funds...
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The Summer Doldrums Hit the MSR Auction Market. Temporary?

July 23, 2021
Investment bankers are hopeful bulk MSR acquisitions will soon pick up a head of steam — it’s just a matter of when.
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New FDIC Proposal Aims to Simplify Deposit Rules for Servicing Accounts

July 23, 2021
Maria Volkova
The changes are being pursued in response to the agency receiving “more than 10,000 questions per year from people trying to understand the deposit insurance rules,” the FDIC chief said.
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Short Takes: Awash in Borrowing Authority / A Buyer of MSRs? / Expressing a Desire to Grow / A New Nonagency MBS From Verus / Kraninger Lands / A Promotion at Freddie

July 23, 2021
Paul Muolo
Will Quicken actually buy MSRs? It certainty has the cash...
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