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Home » Topics » IMFnews » Servicing

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What We’re Hearing: President Trump and GSE Reform / The NEC and Treasury, Cheek-to-Cheek on Fannie and Freddie? / Time to Hire an Investment Banker / Tim Who? / Altisource Unloads a Division / Odeon Hires Bove

March 29, 2019
Paul Muolo
Wells Fargo ranks first among home lenders and servicers – and with or without Tim Sloan, that’s not likely to change anytime soon…
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Thanks to SCOTUS, a Bump in the Road for Non-Judicial Foreclosure-Related Damage Claims

March 29, 2019
Brandon Ivey
The Supreme Court based its decision on the wording of the FDCPA and the legislative history of the statute.
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Short Takes: What Happened to the GSE Rally? / Time for Treasury to Hire an Advisory Firm? / Trump Serves Notice to HUD as Well, HECMs a Big Concern / Where Did All the Senators Go? / Hugh Frater’s Other Job

March 28, 2019
Paul Muolo and Yemeng Yang
President Trump is concerned about the HECM program...
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President Trump Directs Treasury to Draft GSE Overhaul; White House Wants Final Say

March 27, 2019
Paul Muolo
“For each administrative reform, the Treasury housing reform plan shall include a timeline for implementation,” Trump writes.
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Fannie Makes it Official, Names Interim CEO Hugh Frater Permanent Chief

March 27, 2019
Paul Muolo
Although Frater will lead Fannie, which earned $16 billion in 2018, his salary will be capped at $600,000 per year...
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Subservicing Continues to Grow but Landscape is Shifting

March 27, 2019
Paul Muolo
Thanks to its bankruptcy filing, Ditech’s future as a subservicer is in doubt…
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Bank Mortgage Repurchase Volume Falls to Record Low

March 27, 2019
John Bancroft
Bank of America reported $1.04 billion in mortgage repurchases last year, or 45.3% of the industry’s total.
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Hearings Commence on GSE Reform. NAHB Worries About ‘Administrative’ Changes, Academic Trashes Crapo’s Ideas

March 26, 2019
Paul Muolo
Georgetown Law Professor Adam Levitin: “I am deeply concerned about the basic direction of the chairman’s housing-finance reform proposal outline..."
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MBA Research: A Net Origination Loss of $200 Per Loan in 4Q18

March 26, 2019
Paul Muolo
Added MBA’s Walsh: “On the servicing side of the business, mortgage servicing impairments resulting from December’s drop in interest rates hurt profitability.”
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Short Takes: Stearns Issues Expensive Debt / Counter-Cyclical? Not Always / MSR Impairments a Factor / Alterra Seeks a Controller / CFPB Taking Advisory Board Applications

March 26, 2019
Paul Muolo
Usually, mortgage banking is a counter-cyclical business, but not always...
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