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Home » Topics » IMFnews » Servicing

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FHA Rulemaking Focuses on Reducing Costs, Modernization

July 15, 2020
Maria Volkova

In order to lower servicing costs, FHA proposed limiting required mortgagee curtailment of interest to the length of the mortgagee’s delay...


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The COVID Quarter: 2Q Originations Up at Wells, Down at JPM

July 14, 2020
Paul Muolo

Wells posted a 204 basis point held-for-sale production margin, up an impressive 96 bps from 1Q20...


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A Noticeable Drop in Ginnie Forbearance but ‘Buyouts’ Affect the Equation

July 13, 2020
Paul Muolo

The Fannie Mae/Freddie Mac measurement came in at 6.07%, down 11 bps, the fifth consecutive decline.


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BlackRock Reduces Position in Troubled Ocwen

July 12, 2020
Paul Muolo

In a public filing this spring, Ocwen listed among its risks: “our ability to maintain positive relationships with our large shareholders…”


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Short Takes: SCOTUS and the Conservatorship / FHFA Extends Origination Flexibilities / Freddie Expands Board

July 10, 2020
Dennis Hollier

OIG Suggests CFPB Expand Nonbank Monitoring

July 9, 2020
Yemeng Yang

In a new report, the CFPB’s Inspector General has recommended the bureau tailor its resources to monitor institutions based on risk and expand monitoring of nonbanks.


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Mortgage M&A: Buyers Are Out There, but Lack Sellers

July 9, 2020
Paul Muolo

Potential buyers of mortgage franchises are making their intentions known. But there’s just one problem: A lack of willing sellers.


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Short Takes: SCOTUS Upholds Robocall Ban / Zillow Resumes Homebuying in More Markets / Foreclosure Threat Grows / Consumer Financial Protection Week

July 7, 2020
Yemeng Yang

The Supreme Court upheld a law banning cellphone robocalls, striking down a debt-related exception created by Congress in 2015...


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Fewer Borrowers in Forbearance Making Payments

July 6, 2020
Brandon Ivey

The share of borrowers in forbearance who continued to make monthly payments fell from around 50% in April to 25% in June.


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Mortgage Bankers Cut Jobs in May While Brokers Added Positions

July 2, 2020
Paul Muolo

Loan brokers, on the other hand, added 1,100 full-timers in May, bringing their employment count to 93,700. Over the past 12 months, brokerage firms have added 8,500 workers.


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