Mortgage Servicers

Browse articles from all of our Newsletters related to Mortgage Servicers.

February 22, 2019 - Inside MBS & ABS

Mortgage Grapevine

Non-QM Paper; The Return of Nicholas Smith...

February 21, 2019 - IMFnews

Short Takes: BSI Looking to Buy MSR Portfolios / Goldstone Running the Program / A Red Hot Servicing Market / A Strong Quarter for Texas Capital / Slip, Sliding Away: Fannie’s and Freddie’s Subprime Assets

A red hot servicing market is keeping deal makers happy...

February 21, 2019 - Inside Mortgage Finance

HomeStreet Looks to Sell Mortgage Business, Servicing

The parent company of HomeStreet Bank last week said it is looking to sell its standalone home loan centers and a majority of its mortgage servicing rights. Officials at the Seattle-based lender cited a number of factors for the divestiture, including reduced demand for refinances and regulatory issues specific to banks.

February 20, 2019 - IMFnews

IMA Offers Up an $11.9 Billion Fannie/Ginnie MSR Package

Roughly 21% of the receivables are in California…

February 19, 2019 - IMFnews

M&A Blues: Why Good Companies Aren’t Selling

Rumors continue to abound that internet retailing giant Amazon wants in…

February 15, 2019 - IMFnews

What We’re Hearing: Calabria, a Sure Bet? / Warm Thoughts About Fannie-Freddie Loan Limits / Retaining More Capital / Congress? / Conservatorship Purgatory / Looks Like Radian is in Play / A Sale Dragging On and On and On: Genworth / Industry Vet Rudy Orman Lands

On the doorstep: The recap and release of Fannie and Freddie?

February 15, 2019 - IMFnews

HomeStreet Bank Looks to Sell Mortgage Origination Business, MSRs

The Seattle-based depository hired Keefe, Bruyette & Woods and MountainView as sale advisors…

February 15, 2019 - IMFnews

Redwood Cites Strong Competition in the Non-Agency Market

Redwood President Dashiell Robinson said demand for whole loans remains strong...

February 13, 2019 - IMFnews

Short Takes: A Nice Month for Pershing Square / No Mention of the GSEs / A Mortgage-Related M&A Deal Drags On / Delayed by the Chinese New Year / A New MBS From Deephaven / Pavaso Hires Mortgage Tech Vet Tim Anderson

After two-plus years of waiting, the Genworth deal has yet to close...

February 13, 2019 - IMFnews

Mortgage Jobs Grim with Selected Pockets of Hope

But not all conventional lenders are handing out pink slips these days...

February 12, 2019 - IMFnews

Short Takes: GSE Junior Preferred Shareholders Could Get Paid / Wedbush Tells Investors to Take the Cash / New Rez Sees a Buying Opportunity in MSRs / CFPB to America: Save Some of That Tax Return!

Bove sees some type of compensation going to the preferred shareholders of Fannie and Freddie...

February 12, 2019 - IMFnews

A Tiny 4Q18 Profit for New Residential

New Rez continues to gobble up MSRs like there's no tomorrow...

February 12, 2019 - IMFnews

The 4Q18 Tally: Banks Report Sharp Drop in Mortgage Banking Income

Much of the mortgage earnings damage took place at the top…

February 11, 2019 - IMFnews

Short Takes: Exiting a GSE Investment / The Fed Likely Will Greenlight the BB&T-SunTrust Merger / No. 9 / Please, Just Don’t Pick a Name Like Mr. Cooper / How Much Lower Can Ditech Go? / CoesterVMS?

The big unknown about the merger: Once completed, what name will the new bank and mortgage company take?

February 11, 2019 - IMFnews

PennyMac Bucks the Trend, Increases Originations in 4Q18

Most of PennyMac's production entails correspondent acquisitions from primary market originators, a strategy that typically carries lower profit margins...

February 11, 2019 - IMFnews

It’s Official: Ditech Readies Second Trip Into Bankruptcy, Seeks to Eliminate $800M of Debt

Ditech revealed that "any and all bids" for the company or its assets will be evaluated...

February 8, 2019 - IMFnews

What We’re Hearing: Salivating at the Prospect of a Fannie-Freddie Stock Offering? / Mulvaney Again / Waiting in the Wings for Treasury’s GSE Assignment? / What Could Stand in the Way? / MI Roundup / Wells Fargo, the MBS King / A New Legislative Hire for MBA: Tallman Johnson

But one thing is certain: the Trump White House is not monkeying around with GSE reform...

February 8, 2019 - IMFnews

Bill Introduced to Install an Independent IG at the CFPB

Currently, the bureau shares an inspector general with the Federal Reserve...

February 8, 2019 - IMFnews

Calabria’s FHFA Nomination Hearing Set for Feb. 14

Calabria has firm support among Republicans on the SBC and the backing of Senate Minority Leader Mitch McConnell...

February 7, 2019 - IMFnews

Short Takes: Hoping and Praying for the Right GSE Outcome / Contemplating a Settlement by the Government / Setting the Table for a Merger / #9 Mortgage Dream: SunTrust-BB&T Deal / IMA’s Bulk MSR Deal

Open hostility toward the government's GSE case?

February 7, 2019 - Inside Mortgage Finance

Mortgage Grapevine

Non-QM galore, GSE earnings…

February 7, 2019 - IMFnews

BlackRock’s Stake in Ocwen Financial: 6.3%. Meaning?

Ocwen would like to buy mortgage servicing rights once again, but…

February 7, 2019 - Inside Mortgage Finance

A Mortgage Giant in the Making: BB&T/SunTrust

BB&T Corp. and SunTrust Banks late in the week unveiled plans to merge in a deal valued at $66.0 billion, one that will create, pro forma, the nation’s ninth-largest home originator as well as the ninth-largest servicer.

February 7, 2019 - IMFnews

A Mortgage Giant in the Making? BB&T, SunTrust Set Merger

Once the merger is completed, the combined institution will rank ninth, just ahead of AmeriHome Mortgage.

February 6, 2019 - IMFnews

Nonbanks Dominate in Bulk MSR Sales, A Stunning Reversal for Ginnie Transfers

In years past, Ginnie MSR sales have lagged because of concerns tied to agency acknowledgement agreements…

February 1, 2019 - Inside Nonconforming Markets

Tighter Underwriting on Expanded-Credit MBS in 4Q

The loans included in expanded-credit mortgage-backed securities in the fourth quarter of 2018 had on average tighter underwriting than previous issuance. [Includes one data chart.]

February 1, 2019 - IMFnews

What We’re Hearing: Craig Phillips, the ‘Ax’ / What We Talk About When We Talk About GSE Reform / Next Up: Meetings on Capitol Hill / Time for Treasury to Hire an Investment Banker? / Keeping an Eye on loanDepot / More VC Money for Better Mortgage

And some point, it stands to reason that the U.S. Treasury Department would hire an investment banking firm with a specialty in Washington matters to assist in a recap and release plan…

February 1, 2019 - IMFnews

Sen. Crapo Releases GSE Reform Outline. Is it DOA?

Under the Crapo plan, the multifamily business of Fannie and Freddie would be sold to the highest bidder...

February 1, 2019 - Inside MBS & ABS

Mortgage Grapevine

Fannie changes bylaws, Phillips staying put...

February 1, 2019 - Inside MBS & ABS

New Rez Intends to Move Ditech Subservicing Contract

Mortgage-investing real estate investment trust New Residential Investment Corp., New York, informed the ailing Ditech Financial that it plans to terminate its roughly $83.7 billion subservicing contract.

January 31, 2019 - Inside Mortgage Finance

Nonbanks Dominate in Bulk MSR Sales

Nonbanks were the top buyers and sellers of bulk mortgage servicing portfolios last year, according to a tally from affiliate publication Inside Mortgage Trends. [Includes one data chart.]

January 31, 2019 - Inside Mortgage Finance

Servicing Market Grew More Top-Heavy Late Last Year

The complex business of servicing residential mortgages continued to become more concentrated among a diverse group of industry participants in the fourth quarter of 2018. [Includes two data charts.]

January 31, 2019 - IMFnews

Trump Political Operative Named FHFA Chief of Staff

The appointment is effective February 4...

January 31, 2019 - IMFnews

Otting’s Appointment at FHFA May Be Illegal

Should the White House have picked one of three deputy directors instead?

January 31, 2019 - IMFnews

Mortgage Servicing Market Grew More Top Heavy Late Last Year

Wells Fargo, the nation’s largest home lender and servicer, saw its MSR portfolio shrink by 1.6 percent on a sequential basis…

January 30, 2019 - IMFnews

White House Issues Statement on GSE Reform, Says it Will Work with Congress

The White House: “Housing finance reform is a priority for the administration … At this time, no decisions have been made on any reform plan. As part of the process, however, the administration will work with Congress…”

January 30, 2019 - IMFnews

Court Rules Fannie Is Not a Credit Reporting Agency

In the Zabriskes’ case, the foreclosure was a short sale that had been miscategorized…

January 29, 2019 - IMFnews

Short Takes: Is the Party Over for GSE Common? / A Bubble Bursting on Shareholders / The King of MSR Buys: New Residential / Cleveland Rocks (for New Home Owners), Pittsburgh and OKC Too / Freddie Gets New Chairperson

New Rez’s MSR haul: $50.9 billion of agency product...

January 29, 2019 - IMFnews

Mortgage Gripes Filed with the CFPB Fall to a New Low

Servicing practices attracted the most mortgage-related complaints, accounting for almost half, Inside the CFPB found…

January 29, 2019 - IMFnews

Freddie MBS (Servicing) Grew Faster Than Fannie Sector in 2018

And although trendlines varied significantly among the top-ranked processors, the overall migration of GSE servicing to nonbanks continued last year.

January 28, 2019 - IMFnews

Short Takes: Rep. Waters Wonders: Is Otting Legal? / An End-Run? / Cowen on Calabria’s Chances / The Fed Gets a New Director of Research

January 28, 2019 - IMFnews

Incenter Offers Flow Ginnie Mae Package

The loan flow will be top heavy with California mortgages…

January 28, 2019 - IMFnews

Wells Fargo: Lenders Struggling with Overcapacity, Low Demand

Keefe, Bruyette & Woods: “The issue of overcapacity in the industry appears to be persisting…”

January 28, 2019 - IMFnews

Agency MSR Transfers (Sales) Up a Solid 13.9 Percent in 2018

The three most active sellers of bulk MSRs: Stearns Lending, United Wholesale Mortgage and loanDepot, according to exclusive figures from Inside Mortgage Trends…

January 25, 2019 - IMFnews

House Banking Chair Waters Wants Answers from FHFA’s Otting on His GSE Reform Plans

In mid-January, in a speech to FHFA staffers, Otting vowed to make administrative changes to the GSEs but offered no time table or details...

January 25, 2019 - Inside The GSEs

Freddie MBS Grew Faster than Fannie Sector in 2018

The supply of Freddie Mac single-family mortgage servicing rights grew at more than twice the rate of increase in Fannie Mae product during 2018, according to a new Inside the GSEs analysis and ranking. [Includes two data charts.]

January 25, 2019 - Inside Mortgage Trends

New Rez Ready to Fire Ditech as a Subservicer

Struggling Ditech Financial late this week offered up a progress report on its future, saying — among other things — that one of its largest subservicing clients, New Residential Investment Corp., wants out of the contract.

January 25, 2019 - Inside Mortgage Trends

Agency MSR Transfers Up a Solid 13.9 Percent in 2018

Transfers of agency mortgage servicing rights rose to their highest level in at least four years during 2018, although activity cooled in the fourth quarter. [Includes three data charts]

January 25, 2019 - IMFnews

What We’re Hearing: The Coming War Over Administrative Reform of the GSEs / Trust in (MBS) Traders / Congress Committed to Legislative Reform / Predictions Can be Difficult / At Least Bill Ackman is Happy / JPMorgan Now #4 in Mortgage Lending

Pershing Square CEO Bill Ackman should be a happy man these days. His investment in Fannie and Freddie is now in the black...

January 25, 2019 - IMFnews

CFPB’s Enforcement Chief Departs for Job in the New York AG’s Office

The NYAG's division of economic justice consists of six bureaus, including one protecting consumers from fraudulent, deceptive practices.


Do mortgage lenders really need a new credit-scoring model or is the current FICO system adequate?

It’s fine. Stick with what works.


Time for a change. Borrowers are different today.


Undecided, still assessing the situation.