June 19, 2019By Yemeng YangA Kinder, Gentler CFPB Provides More Transparency on Civil Investigative DemandsIn May, the bureau published nine orders partially modifying CIDs issued over the past few years.
June 19, 2019By Paul MuoloGrowth Slows in Subservicing Niche as Consolidation LoomsThe spate of M&A activity in the sector suggests that more deals could be in the works, given the attractive nature of being a subservicer compared to owning the servicing strip outright…
June 19, 2019By Brandon IveyResidential Servicers Concerned About FCC Call-Blocking LanguageIndustry trade groups are not happy with the regulatory language, believing it could prevent much needed reminders to mortgagors in trouble…
June 18, 2019By Paul MuoloShort Takes: Behind the Scenes at Ditech / Moelis & Company? Why is that Name Familiar? / Fans at Treasury / Craig Phillips Has Left the Building / More from MBA on its Index
June 17, 2019By Paul MuoloShort Takes: Rate Cut Coming? / Keeping an Eye on the 10-Year … and the UMBS / Busy Lenders / Brokers Gain on Retail LOs / SFIG Meets with FHFA / Greystone Hires Freddie Mac Executive
June 14, 2019By Paul MuoloWhat We’re Hearing: Quicken Settles FHA Case with Uncle Sam / Ditech’s Unsecured Creditors (Pain) / GSE Irony 101 / Interest Rates Falling: Watch Out Below / Called Home Early / MSR Carnage? / Getting Well / The Most Cyclical Business in the Universe
June 13, 2019By Paul MuoloShort Takes: Ginnie 2020 Kicks Off / Fannie and Freddie Head for the Cloud / Well, At Least Mr. Cooper (Nationstar) Should be Happy / Think of the Braves / On the Endangered List: Banks Servicing Ginnies
June 11, 2019By Paul MuoloShort Takes: Withering on the Vine in Mortgageland: Commercial Banks / Ocwen: Transfer Complete / Ocwen Changes Brand Name to PHH Mortgage / Alert: HECM Damage in Progress / Angel Oak Sees Big Gains Ahead for Non-QM