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Inside Mortgage Finance

June 21, 2018

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With Renewed Interest in Bulk Servicing Deals at Some Institutions, Bank Retreat Slowed in 1Q18

Depository institutions continued to pull back from the business of servicing home loans for other investors during the first quarter of 2018, but the rate of withdrawal appeared to slow, according to a new Inside Mortgage Finance ranking and analysis. [Includes two data charts.] Read More

Servicing Advisors Worry about the Role Being Played by Fannie and Freddie in ‘Flow’ Market

Investment bankers that make a market in flow servicing rights increasingly are worried about the role Fannie Mae and Freddie Mac play in the space and are beginning to wonder if the two government-sponsored enterprises are creeping beyond their charters. Read More

As the Mortgage M&A Train Continues on Its Path, Eli Global Emerges as an Eager Buyer – to an Extent

Eli Global is hardly a household name in residential finance, but the privately held investment firm aims to be a player in the industry by purchasing mortgage companies and running them as separate entities. Read More

Trump’s CFPB Nominee Takes Flak But Resets the Clock for Mulvaney

President Trump this week nominated a little-known White House budget official to run the Consumer Financial Protection Bureau, effectively allowing Mick Mulvaney to stay as the agency’s acting director, possibly until 2020. Read More

Ginnie Mae Unveils Plan for Digitized Mortgages as Part of Three-Year Strategy to Modernize MBS Program, Platform

Ginnie Mae is working on a process that would allow it to accept digital promissory notes and other digitized loan files, in addition to traditional paper mortgages, as eligible collateral for its securities, according to a white paper the agency issued this week. Read More

Novel Fair Housing Cases Brought by Cities Against Lenders Move Forward After Supreme Court Ruling

Lawsuits brought by cities with allegations of violations of the Fair Housing Act (FHAct) by lenders are continuing after a decision by the U.S. Supreme Court with a mixed message for lenders. Read More

Servicers Seek Favorable Interpretation from FCC of Telephone Consumer Protection Act

Trade groups representing mortgage servicers asked the Federal Communications Commission to issue interpretations of the Telephone Consumer Protection Act that will help them contact borrowers. Read More

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