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Home » Topics » IMFnews » Servicing

Servicing
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Data Reveals a Shift From Servicing-Released to Servicing-Retained

July 20, 2020
John Bancroft

The top five servicers saw a combined 2.8% drop in MSRs...


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A Mixed-Production Bag for the Megabanks in 2Q20

July 17, 2020
Paul Muolo

JPMorgan, in particular, was an origination laggard, funding $24.2 billion in home mortgages during the second quarter, a 13.8% decline from the first three months of the year.


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Ocwen Reports Small Profit for 2Q20, Provides Rosy Outlook. Share Price Soars

July 17, 2020
Brandon Ivey

Efforts to turn Ocwen around appear to be working. The publicly traded nonbank earned $2.0 million in the second quarter and officials there suggest the lender/servicer will be profitable next year.


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A New Milestone: Nonbanks Now Service More Than Half of Agency Product

July 16, 2020
John Bancroft

The writing was on the wall: nonbanks took over the Ginnie market back in 2016...


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Servicers Face Forbearance Criticism from Democrats, Consumer Advocates

July 16, 2020
Brandon Ivey

Democrats and consumer advocates suggest that some servicers aren't following forbearance requirements established by the CARES Act.


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FHA Rulemaking Focuses on Reducing Costs, Modernization

July 15, 2020
Maria Volkova

In order to lower servicing costs, FHA proposed limiting required mortgagee curtailment of interest to the length of the mortgagee’s delay...


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The COVID Quarter: 2Q Originations Up at Wells, Down at JPM

July 14, 2020
Paul Muolo

Wells posted a 204 basis point held-for-sale production margin, up an impressive 96 bps from 1Q20...


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A Noticeable Drop in Ginnie Forbearance but ‘Buyouts’ Affect the Equation

July 13, 2020
Paul Muolo

The Fannie Mae/Freddie Mac measurement came in at 6.07%, down 11 bps, the fifth consecutive decline.


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BlackRock Reduces Position in Troubled Ocwen

July 12, 2020
Paul Muolo

In a public filing this spring, Ocwen listed among its risks: “our ability to maintain positive relationships with our large shareholders…”


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Short Takes: SCOTUS and the Conservatorship / FHFA Extends Origination Flexibilities / Freddie Expands Board

July 10, 2020
Dennis Hollier
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