IMFnews

March 13, 2017

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Volume of Mortgages Serviced by Banks for Others Declines in 2016, Driven by Big Banks

Virtually all the shrinkage in 2016 took place among the four megabanks with over $1 trillion in assets: Wells Fargo, JPMorgan Chase, Bank of America and Citibank. Read More

Lenders Cite Cost, Implementation as Barriers to Use of New Technology

About one-third of the lenders surveyed by Fannie currently use technology service providers and another third are investigating next-generation technology service providers. Read More

CarVal Investors Includes Unique Mix of Loans in $395 Million Non-Agency MBS

In addition to re-performing mortgages, Mill City Mortgage Loan Trust 2017-1 included some home-equity lines of credit and newly originated mortgages. Read More

Request from Consumers for Changes to Phone-Contact Standards Would Interfere with Mortgage Business, CMC Warns

Anne Canfield cautioned that if the FCC adopts the changes requested in the petition, lenders would largely be prohibited from calling distressed borrowers. Read More

Short Takes: New Risk-Sharing Deal from Fannie / Lender Settles Discrimination Claims with HUD / New Residential Issues Non-Agency MBS / Fitch Affirms Ocwen's Ratings

Fannie Mae is preparing to issue a Connecticut Avenue Securities risk-sharing transaction relating to mortgages with an unpaid principal balance of $39.99 billion. Read More