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Servicing
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With its Stock Price Fading, Mr. Cooper Says: We’re Okay but Thanks for Asking

June 3, 2019
Paul Muolo
Declining interest rates can be good news for lenders, but bad news for servicers...
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Fitch Gives Freedom Mortgage a Thumbs Up

May 31, 2019
Paul Muolo
Fitch: Freedom will buy RoundPoint with cash on hand and "available" capacity on existing lines of credit...
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The CFPB’s First Mortgage-Related Action Under Kraninger: Specialty Servicer BSI

May 30, 2019
Yemeng Yang

BSI is a speciality servicer that focuses on non-agency loans, but also processes Fannie/Freddie/FHA/VA paper...


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State Authorities Haven’t Given Up on Regulating Nonbanks

May 30, 2019
Brandon Ivey
State regulators have not forgotten about nonbank lenders and servicers, not in the least...
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Short Takes: Mr. Cooper’s Sliding Share Price / A GAAP Loss Coming / Time to Unload a Position in Invitation Homes / New Applications Decline / Wells Fargo Snatches Top Mortgage Tech Official from JPM

May 29, 2019
Paul Muolo

Blackstone-related investors plan to unload 40 million shares of Invitation Homes stock...


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It’s Official: Freedom Set to Buy RoundPoint, Creating a Top-10 Ranked Servicer

May 24, 2019
Paul Muolo
Earlier this month, Inside Mortgage Finance broke the news that the two firms were in talks...
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Ocwen’s Chief Accounting Officer Resigns, No Reason Given

May 23, 2019
Paul Muolo

Ocwen agreed to pay CAO Dondzila $568,780, plus a six-month consulting deal that offers $36,092 per month.


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State Regulators Still Plan to Set Standards for Nonbanks

May 23, 2019
Brandon Ivey

State regulators proposed standards for nonbanks in 2015 but there was no follow-through. However, the issue is alive and well thanks to the incoming chairman of the Conference of State Bank Supervisors.


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HUD Secretary Carson Grilled by the HFSC

May 22, 2019
George Brooks

Asked to explain about debenture interest curtailment penalties and why servicing FHA nonperforming loans is more expensive than those of the GSEs, Carson replied: “I have not had that discussion. I will look it up.”


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Short Takes: Profiting from GSE Reform / REO v. OREO / Hey, Did You Know What the Hippocampus Is, Wise Guy? / FHA Recovery Rates Can Vary / Chimera Preps New MBS Deal

May 22, 2019
Paul Muolo

In some reporting circles, OREO stands for "other" real estate-owned...


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