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Home » Topics » IMFnews » Servicing

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

July 10, 2020
Dennis Hollier

OIG Suggests CFPB Expand Nonbank Monitoring

July 9, 2020
Yemeng Yang

In a new report, the CFPB’s Inspector General has recommended the bureau tailor its resources to monitor institutions based on risk and expand monitoring of nonbanks.


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Mortgage M&A: Buyers Are Out There, but Lack Sellers

July 9, 2020
Paul Muolo

Potential buyers of mortgage franchises are making their intentions known. But there’s just one problem: A lack of willing sellers.


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Short Takes: SCOTUS Upholds Robocall Ban / Zillow Resumes Homebuying in More Markets / Foreclosure Threat Grows / Consumer Financial Protection Week

July 7, 2020
Yemeng Yang

The Supreme Court upheld a law banning cellphone robocalls, striking down a debt-related exception created by Congress in 2015...


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Fewer Borrowers in Forbearance Making Payments

July 6, 2020
Brandon Ivey

The share of borrowers in forbearance who continued to make monthly payments fell from around 50% in April to 25% in June.


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Mortgage Bankers Cut Jobs in May While Brokers Added Positions

July 2, 2020
Paul Muolo

Loan brokers, on the other hand, added 1,100 full-timers in May, bringing their employment count to 93,700. Over the past 12 months, brokerage firms have added 8,500 workers.


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Short Takes: FoA Looks to Buy Servicing / A Problem: Origination Capacity / A Dip in Applications / Wanted: Larger Homes / A New CD for CHLA

July 1, 2020
Paul Muolo

Finance of America sees an opportunity in mortgage servicing rights...


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FHA Publishes Quality Control Waivers in Response to the Pandemic

July 1, 2020
Maria Volkova

Lenders must conduct desk reviews of appraisals based on FHA standards...


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Ultra-Low Interest Rates Spark a Rush to Hedge MSRs

July 1, 2020
Paul Muolo

Steve Harris of MIAC: “There are many folks looking to hedge, but only until they can sell into a reasonable [MSR] bid.”


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PennyMac Raises its Dividend. Will Other REITs Possibly Follow?

June 30, 2020
Dennis Hollier

Although the outlook for mortgage-investing REITs has improved since the Fed began buying agency MBS in March, it has not necessarily been evident in their dividends.


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