IMFnews

July 20, 2017

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A Tale of Two MSR Investors: Seneca’s End Draws Near, Pingora Slated for Sale Yet Again

The Seneca portfolio is so clean that it has attracted the interest of Chase, which hasn’t bought a bulk MSR package in years… Read More

Ginnie Mae Continues to Lead the Pack in Agency Servicing Growth

Outstanding MBS servicing at Fannie actually declined slightly in the second quarter… Read More

An Early Look at 2Q17 Production: A Mixed Bag at the Mega Banks; Nonbanks like UWM are Bullish

“Last year we did about $23 billion in originations and this year I expect us to hit between $27 billion and $30 billion,” said UWM CEO Mat Ishbia. Read More

CFPB Issues Proposal to Address the TRID ‘Black Hole’

Currently, lenders are permitted, under certain limited circumstances, to use revised estimates… Read More

Invictus Packages a Variety of Mortgages into Nonprime MBS; Greenbox the Top Contributor

GreenBox was the top contributor to the new nonprime MBS with Sprout Mortgage a close second… Read More

Short Takes: NYSE-Listed Firm Selling MSR Portfolio via MountainView / Former Ginnie Chief Tozer Heads to PennyMac / No Reason Given / Galante’s Ocwen Holdings / Earnings from Black Knight and MGIC

Former Ginnie Mae President Ted Tozer will join the board of PennyMac Financial Services, the nation's fourth largest home lender, in August. Read More