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October 23, 2017

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Agency Servicing Transfers Caught Fire in 3Q17, Reshaping MSR Market

In the third quarter, Movement Mortgage was the top seller of MSR assets via the coissuance market… Read More

Big Banks Report Decent Production Figures for Third Quarter

For the nonbanks, the bellwethers to watch will be Quicken Loans, Freedom, loanDepot and United Wholesale… Read More

Walter Unveils Plan for ‘Prepackaged’ Chapter 11 Bankruptcy

Although Walter will file for bankruptcy, Ditech Financial LLC and Reverse Mortgage Solutions will not... Read More

Incenter, Phoenix Hit the Market with Bulk MSR Offerings

According to the offering circular, delinquencies on the Ginnie Mae package total 8.19 percent... Read More

Want GSE Reform? The Senate Better Get Moving – And Soon

Cowen: “We continue to believe the Senate Banking Committee must release a legislative plan in 2017 for Fannie and Freddie if it is to be enacted in the 115th Congress.” Read More

Short Takes: MBA’s Stevens to the Troops: You’re Living Under a False Sense of Security / Trump’s Nominee to Head the FHFA? / How Basel Treats Servicing Assets / Executive Bolts PNC Bank for NewDay

MBA chief Dave Stevens: “What happens if the president nominates a new [FHFA] director who thinks the government role in mortgage finance is too large and wants to scale it back?" Read More