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Home » Topics » IMFnews » Servicing

Servicing
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Trade Groups Line Up to Condemn ‘Mob’ Action on Capitol Hill

January 7, 2021
Paul Muolo

Among those filing missives: the American Land Title Association, Mortgage Bankers Association, National Association of Realtors, and the Structured Finance Association.


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Ocwen Mediation with CFPB Ends; Servicer Hikes Legal Reserves

January 7, 2021
Yemeng Yang and Paul Muolo

Even though the mediation effort has ended, Ocwen is still bidding on servicing portfolios...


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Impairment Rate on Non-QMs Declines in November

January 6, 2021
Brandon Ivey

The impairment rate didn't decline across the board. It increased for bank statement loans.


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A Tough Year Ahead for Mortgage Compliance?

January 6, 2021
Paul Muolo

Industry watchers said implementing changes to the qualified-mortgage rule could be one of the biggest sticking points.


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Ginnie Forbearance Reading At Highest Level Since November

January 5, 2021
Paul Muolo

Late last week, Black Knight released its measurement: 2.83 million mortgages in COVID-related relief for the seven-day period ending Dec. 29. The FHA/VA (GNMA) reading increased by 11,000 units.


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AmeriHome Moving Forward with IPO...

January 5, 2021
Brandon Ivey

The nonbank lender/servicer filed its initial IPO documents in early October and was reportedly set to price the offering later that month.


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The Ginnie Early Buyout Game Leans Heavily Toward FHA

January 4, 2021
Paul Muolo

In general, most of the delinquent loan buying has been done by the megabanks and top-ranked direct-FHA funders like Quicken Loans and PennyMac...


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Citadel Servicing Rebrands as Acra Lending

January 4, 2021
Brandon Ivey

Officials at Acra suggest it's largely business as usual for Citadel, beyond the name change.


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Feds Crack Down on Unlicensed Debt Collection

December 30, 2020
Yemeng Yang

RAB agreed to pay $204,000 in civil money penalty to settle the claims.


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Nonbank CDFI Lender Raises $31.5M Through Private Placement

December 30, 2020
Paul Muolo

To date, the Irvine, CA-based nonbank has raised $81.5 million through the sale of preferred equity...


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