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Home » Topics » IMFnews » Servicing

Servicing
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Mortgage Bankers and Brokers Keep Adding Jobs

September 8, 2020
Paul Muolo

Loan brokerage firms have increased employment by 16.3% year-over-year...


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Non-Agency Investors Could See Reduced Cash Flows

September 4, 2020
Brandon Ivey

the good news: Mortgage servicers so far have been advancing principal and interest on missed payments to the secondary markets...


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Lenders, Consumer Groups Don’t See Eye to Eye on Advisory Opinion Program

September 4, 2020
Yemeng Yang

Under the proposal, the CFPB will accept requests from third parties, such as trade associations or law firms, on behalf of unnamed financial entities.


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CFPB Observes No Significant Delinquencies During Pandemic

September 3, 2020
Yemeng Yang

However, the CFPB acknowledged its analysis may not represent the full picture because credit reporting is a lagging indicator...


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Impairment Rate on Non-QM MBS Declines in July

September 3, 2020
Brandon Ivey

It may seem hard to believe, but the high level of impairments hasn't prompted material losses on MBS, at least not yet...


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Rocket Releases ‘Official’ 2Q Results, Says the Best Is Yet to Come

September 3, 2020
Paul Muolo

The nonbank mortgage giant also offered a 3Q gain-on-sale estimate of 405 basis points to 430 bps. In the second quarter, its GOS came to a mouth-watering 519 bps.


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Short Takes: For the Good Times… / Legs to It? / MBA’s Profitability Reading: $4,548 Per Loan / Expenses Actually Decline / Losses Remain on the Servicing Side of the Aisle / New Hires at a GSE-Owned Company

September 2, 2020
Paul Muolo

Lenders are minting money these days, servicers not so much...


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Mr. Cooper on Track to Add 5,000 Employees This Year

September 2, 2020
Brandon Ivey

Mr. Cooper plans to increase its staff by more than 50% this year, with many of the hires focused on mortgage originations.


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Depositories Rake in the Mortgage Profits. Then There’s Wells Fargo...

September 1, 2020
John Bancroft

Commercial banks and thrifts posted a whopping $5.62 billion in net income from their mortgage banking operations during the second quarter.


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Forbearance Reading Remains Flat but Growing Problems in Ginnie, PLS Buckets

August 31, 2020
Paul Muolo

Black Knight said 3.9 million homeowners remain in forbearance...


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Latest Imf News

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