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Home » Topics » IMFnews » Servicing

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Dow Off 800 Points, Mortgage Stocks Rattled … A Little Bit

July 19, 2021
Paul Muolo
Trouble ahead or a blip on the radar screen? Either way, Treasury rates are drifting lower.
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California Nonbank Rejected by Ginnie Has No Appeal

July 19, 2021
Paul Muolo
Priority Financial still wants a Ginnie eagle and believes it has the financial wherewithal to make grade. “We want to resubmit, but we’ve had no communication from them,” said CEO Mark Shenkman.
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Fannie and Freddie Planning Higher Capital Standards as Well?

July 16, 2021
Paul Muolo
Will Fannie and Freddie ride Ginnie's coattails and usher in higher capital standards as well?
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GSE Servicing Outstanding Up Almost 18% Year-Over-Year

July 15, 2021
John Bancroft
Compared to a year ago, the GSE single-family servicing market grew a whopping 17.7%.
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The Early Results Are In: A Slight Gain in Originations, but GOS Under Pressure

July 15, 2021
Paul Muolo
It’s no secret that nonbanks have been gaining market share at the expense of the depository goliaths over the past five years...
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A Slight Gain in Originations for Wells, a Big Improvement for BofA

July 14, 2021
Paul Muolo
As anticipated, Wells suffered from stiffer competition on the home front and saw its gain-on-sale margins get clipped. However, mortgage sales revenue was bolstered by Ginnie Mae buyout activity...
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JPM Posts a Slight Gain in Home Lending for 2Q21 but Suffers Lower Margins

July 13, 2021
Paul Muolo
On a sequential basis, home lending revenue came in at $1.35 billion, a 7.4% decline from the first quarter.
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Ginnie Poised to Hike Capital Requirements for MBS Issuers

July 13, 2021
Paul Muolo
Ginnie has been working on the change in requirements for well over a year...
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Mortgage Bankers Add Jobs, Brokers Trim Their Ranks

July 9, 2021
Paul Muolo
“You can cut people in five minutes but if you need to rehire them, you’re going to have a tough time getting them back,” said industry consultant Paul Hindman.
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ORIX Top Multifamily MBS Servicer in Ginnie Market

July 8, 2021
John Bancroft

ORIX, now operating as Lument, serviced $21.22 billion of GNMA multifamily MBS at the end of May, or 15.5% of the market...


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