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Home » Topics » IMFnews » Servicing

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Wow: Nonbank Share of Agency Servicing Market Tops 47%

October 17, 2019
John Bancroft

Fun fact: Over the past five years, the nonbank share of the agency servicing market has almost doubled and now stands at 47.2%...


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Short Takes: Democrats Question CFPB Chief on Enova / Elizabeth Warren, Good for Mortgage Rates? / Leon Cooperman’s Ocwen Bet / A Positive Reading on New Business / A Big Promotion at Quicken

October 16, 2019
Yemeng Yang and Paul Muolo

Look out below: Investor/hedge fund titan Leon Cooperman said on CNBC Wednesday morning that if Sen. Elizabeth Warren, D-MA, is elected president the stock market will fall by 25%...


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Latest Expanded-Credit MBS from Angel Oak Smaller than Recent Issuance

October 16, 2019
Brandon Ivey

Angel Oak issued two non-QM MBS earlier this year that each topped $600 million. The new offering is sized at $353 million.


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Short Takes: MSR Marks an Issue? Yep / MorVest Selling Bulk GSE Rights / Making FHA Loans to Borrowers with IRS Debt / A New Hire for MAXEX / Correction

October 15, 2019
Paul Muolo

One servicing advisor told us he anticipated his clients (smaller shops) would likely take a hit of 2 to 5 bps on their MSRs, but it looks like the big boys are reporting numbers that are worse than that...


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Coming Soon: Increased Oversight of HECM Servicers

October 15, 2019
George Brooks

The warning comes in the wake of a Government Accountability Office report identifying weaknesses in FHA’s oversight of HECMs, particularly in monitoring, performance assessment and reporting.


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Servicing ‘Marks’ Will Hurt in 3Q19. However…

October 14, 2019
Paul Muolo

Common sense dictates that the larger the MSR portfolio, the steeper the pain will be...


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Short Takes: Chase Issuing CRT on Jumbo Pools / New Rez Weathering MSR Markdowns / Leadership Turnover in HUD Housing Programs

October 11, 2019
Dennis Hollier

Originations are Strong but Lenders are Careful to Hire

October 10, 2019
Paul Muolo

There's a strong demand out there for mortgage processors, but overall, residential-related hiring has been tepid...


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Mortgage Vendor Altisource Yanks the Cord on RE Advisory Unit

October 10, 2019
Paul Muolo

Altisource’s share price is trading near a 52-week low. The vendor’s largest client is Ocwen Financial, a mega nonbank that’s struggled with profitability…

 


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Complaints Regarding Credit Reports Tip the Scales in New CFPB Tally

October 8, 2019
Yemeng Yang

However, it was a different picture in terms of complaints regarding credit reports…


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