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Home » Topics » IMFnews » Servicing

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Higher Ginnie Mae Requirements Could Spell Trouble for MSRs

August 9, 2021
Paul Muolo
Commercial banks could, once again, become big players in the GNMA MSR market but few find that likely...
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Not a Pretty Picture for the Mortgage IPO Class of ’20-21

August 6, 2021
Paul Muolo
It's hard out there for a publicly traded mortgage company, especially for the recent IPO class...
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PennyMac is Not Immune. 2Q Results Affected by MSR Marks, Lower GOS

August 6, 2021
Brandon Ivey
In 2Q, margins compressed at PennyMac and the value of its MSRs fell sharply. Sound familiar?
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MSR Auctions Remain Muted, Activity From Prestwick, MorVest

August 6, 2021
Paul Muolo
MorVest Capital recently closed out its auction of $528 million of Fannie Mae MSRs. Without providing too much in the way of detail, MorVest CEO David Fleig told IMFnews the bids were “very strong.”
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In 2Q21, the MSR Gains Continue for Nonbanks

August 5, 2021
The appeal of owning MSRs seems to be lost on commercial banks. Will the trend line ever change?
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New York Emerges as a Battleground on Nonbank CRA

August 5, 2021
Lisa Burden
The proposed legislation has passed both chambers of the New York Assembly and awaits the governor’s consideration.
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Two Harbors Takes $132 Million Loss for 2Q, MSR Marks to Blame

August 5, 2021
Brandon Ivey
Two Harbors, of course, isn't the only REIT venturing out into MSR investing but it's certainly been one of the more aggressive...
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Time for FHA to Revise Its Loan-Modification Options?

August 5, 2021
Brandon Ivey
HFPC is urging FHA to offer a more flexible option whereby servicers can use a portion of the partial claim to reduce a borrower’s monthly payment, dollar for dollar...
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A Healthy Market for Ginnie EBOs? Looks That Way

August 4, 2021
Paul Muolo
Ginnie early buyout activity has been rising steadily since early 2020, right before the pandemic struck.
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An Across-the-Board Drop in Mortgage Complaints

August 4, 2021
Lisa Burden
On the origination side of the ledger, issues with loan applications decreased 7.0% to 1,613...
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