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Home » Topics » IMFnews » Servicing

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A Hefty Profit for Mr. Cooper on Sale of Title Business

March 15, 2021
Paul Muolo

Blend Labs, the digital automated underwriting platform, is diving head first into the title business...


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Home Point Follows the Pack: Lending Up but Revenue and Net Earnings Decline

March 11, 2021
Paul Muolo

The lender's gain-on-sale margin slipped to 176 basis points in the most recent quarter compared to 278 bps in the prior period...


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Bank Repurchases Down in 4Q20, GNMA Buyouts Too

March 10, 2021
John Bancroft

In 4Q20, Chase and Popular returned to more normal levels while repurchases at Wells remained somewhat elevated...


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Ocwen Grants $700K Severance Deal for Departing Chief Growth Officer

March 10, 2021
Paul Muolo

Ocwen: “The separation and release agreement provides for a release of claims against the company and for Mr. Yanoti to comply with certain non-solicitation and other covenants.”


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loanDepot Increases Repo Line. Reason: Ginnie EBOs

March 9, 2021
Paul Muolo

Over the past three quarters, several Ginnie issuer/servicers have turned a nice profit by purchasing delinquent FHA (and to a lesser degree VA) mortgages out of MBS pools, rehabilitating the notes and then repooling them.


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Fannie Will Resecuritize RPLs with Principal Forbearance

March 9, 2021
Paul Muolo

Fannie was quick to point out that borrowers harmed by the pandemic receive temporary payment forbearance, which is different from principal forbearance.


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Banks Trimmed Their MSR Holdings by 12% in 2020

March 8, 2021
John Bancroft

The irony: As banks trimmed their holdings, mortgage servicing rights increased in value...


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Senate Approves $1.9 Trillion Stimulus Bill with Mortgage Assistance

March 8, 2021
Brandon Ivey

The American Rescue Plan includes a Housing Assistance Fund with nearly $10 billion allocated for mortgage payments...


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Florida Court Grants Ocwen Summary Judgement in CFPB Case

March 5, 2021

However, the court provided an opening for the CFPB to pursue claims raised in the parties’ motion for summary judgment alleging loan servicing misconduct after Feb. 26, 2017...


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A Year Gone, Time to Head Back to the Office? Maybe Not

March 4, 2021
Maria Volkova

Mike Baldwin: He added: “Productivity is up along with the volume, so we have been very pleased. I really can’t cite any challenges that arose from working remotely. We’ll continue to be flexible.”


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