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Home » Topics » IMFnews » Servicing

Servicing
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Plan to Hike Capital for Nonbank Servicers Met with Disdain

February 11, 2020
Dennis Hollier

Some industry trade groups have an uneasy feeling about the proposal...


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New Residential Stays MSR Hungry

February 10, 2020
Paul Muolo

Moreover, the REIT has already inked deals to buy another $40.0 billion, transactions that are expected to close by March 31. 


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Ginnie in New Round of Risks Talks with Nonbanks

February 10, 2020
George Brooks

Originally, there were 14 nonbank issuers that Ginnie was talking to but one was acquired by a competitor.


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FHFA Moves to Shore Up Servicer Liquidity. Is the Industry Prepared?

February 7, 2020

The FHFA is tweaking standards regarding minimum net worth and liquidity. The tangible net worth ratio is unchanged at 6% of total assets.


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Ocwen Says Its Money-Losing Days May be Over, Hikes Origination Forecast to $15B

February 7, 2020
Paul Muolo

Ocwen is predicting that better days are ahead for the company, including (possibly) $15 billion in originations this year...


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Originations Drive Increase in Profit at PennyMac Financial

February 7, 2020
Brandon Ivey

Although originations and net income increased at PennyMac Financial, the company took a loss on servicing activities during the fourth quarter due to hedges.


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Short Takes: A Slight Earnings Decline for New Rez / Expenses Rising / Kraninger’s Semi-Annual Review / Down Again: Ocwen / Wells Fargo Exec Departs for Vendor

February 6, 2020
Paul Muolo and Yemeng Yang

Down again today: The share price of Ocwen Financial, the nation's 13th largest servicer...


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FHFA Moves Closer to Ditching LIBOR

February 5, 2020
Dennis Hollier

The GSE regulator said its expects SOFR ARMs to be delivered in the second half of 2020...


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Short Takes: Mike Weinbach’s New Job? / JPM to Re-Enter FHA Direct? / Not Quite Out / The Crystal Ball on Rates / ICE, MERS and eBay / Seer’s EC MBS

February 5, 2020
Paul Muolo and Brandon Ivey

After the FCA payment to Uncle Sam, JPM remained as a correspondent buyer of FHA loans but its Ginnie Mae MBS issuance volume has slipped tremendously…


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States Fear Losing Consumer Protection Power, Resources

February 5, 2020
Yemeng Yang

The AGs believe depriving the CFPB of its powers would harm the states by eliminating the agency’s independent enforcement efforts and the valuable assistance it provides…


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