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Home » Topics » IMFnews » Servicing

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More Red Ink for Industry Vendor Altisource

April 25, 2019
Paul Muolo

Altisource is in the process of selling its financial services business, which should bring in roughly $44 million...


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MetLife, Citi Bring Non-Agency MBS Backed by Seasoned Mortgages

April 25, 2019
Brandon Ivey

At Dec. 31, MetLife held approximately $11.74 billion in whole loans. In the past, the life insurer had focused on seasoned mortgages, but two years ago started buying newly-originated prime and near-prime mortgages.


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A New Low for Mortgage Complaints Filed with the CFPB

April 24, 2019
Yemeng Yang

MSR Sales (Transfers) Down Sharply in 1Q19

April 24, 2019
John Bancroft

The top buyer in the MSR sector was Mr. Cooper Group… 


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CFPB to Provide Targeted CIDs in the Future

April 23, 2019
Yemeng Yang

The CFPB is updating policies regarding civil investigative demands to ensure the government is providing more information about potentially wrongful conduct under investigation.


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Flagstar Reports Both Lower Earnings and Originations for 1Q19

April 23, 2019
Paul Muolo

At March 31, Flagstar's home equity loan portfolio totaled $796 million, up 19% from a year ago...


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A $32.8 Million Loss in 2018 for Lender Bought by NSM in Early 2019

April 22, 2019
Paul Muolo

In 2018, Pacific Union had total expenses of $268.6 million, of which $164.1 million went for personnel...


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Large Nonbanks Forge Ahead in GSE Servicing

April 22, 2019
John Bancroft

Nonbanks have increased their GSE portfolios by $95 billion over the past year...


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Phoenix Offers Almost $15B of MSRs. Seller Prefers a ‘Non-Solicitation’ Period of 24 Months

April 19, 2019
Paul Muolo

One of the stipulations of the sale is that the buyer of the package cannot attempt to refinance the loans for at least 24 months – an indication the seller could be a wholesaler.


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Short Takes: Bucking the Origination Trend: BofA and USB / A Strong Quarter for Warehouse Bank Texas Capital / Reliant Hires RoundPoint as a Subservicer / Waterstone in the Hunt for a CEO / A New Hire for Guaranteed Rate

April 19, 2019
Paul Muolo

A stand-out was Texas Capital's “loans held for investment” program which ended the quarter at $6.30 billion, up 34% from a year ago. 


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Latest Imf News

  • Broker Share of Originations Ticks Up in Third Quarter

  • FHA Proposes Raising Draw Limits on Rehabilitation Loans

  • SEC Sees Support for Effort to Revise MBS Disclosures

  • Homebuilder Hovnanian Takes Quarterly Loss, Margins Shrink

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Featured Data

  • Nonbanks Post Small Drop in Mortgage-Banking Income

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  • Lending Slows Across Products in Third Quarter

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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