Mortgage Servicers

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

March 21, 2019 - Inside Mortgage Finance

Subservicing is Growing but Vendor Landscape is Shifting

The nation’s subservicing vendors ended the fourth quarter with $2.47 trillion worth of contracts on their books, a 9.8% sequential gain and a handsome 23.5% annual increase, according to figures compiled by Inside Mortgage Finance.

March 21, 2019 - Inside Mortgage Finance

Agency Servicing Grows in 4Q18, Banks Say No Thanks

The mortgage servicing market continued to grow in the fourth quarter of 2018, with most of the gains coming in the agency market, according to a new Inside Mortgage Finance analysis.

March 21, 2019 - Inside Mortgage Finance

Mortgage Market at a Glance, March 22, 2019

Weekly mortgage rates and application survey data.

March 21, 2019 - IMFnews

Short Takes: The Supremes Rule on Foreclosures and the FDCPA / It’s Good to be King, Unless You’re the CEO of Freddie Mac / Angel Oak Bolsters Office Space Big Time / Tennessee Bank Looking for Non-QM Loans / Two New Directors for Fannie / Correction: Freddie CEO, Not Fannie

Based on Freddie’s annual profits, CEO Don Layton is probably one of the two most underpaid bosses in the world of finance. Soon that distinction will belong to David Brickman...

March 21, 2019 - IMFnews

Agency Servicing Grows in 4Q18 but Banks Say No to the Party

The only soft spot was in the servicing for non-agency mortgage-backed securities…

March 19, 2019 - IMFnews

Prestwick Offers Up Fannie Mae MSR Portfolio on Behalf of Michigan Bank

The servicing package has an average FICO score of 740 and delinquencies of 1.94%.

March 19, 2019 - IMFnews

Strong Growth for Jumbo Servicing in 2018

Wells Fargo, JPMorgan Chase and Bank of America had a combined jumbo servicing market share of 61.4% at yearend, according to figures compiled by Inside Nonconforming Markets…

March 18, 2019 - IMFnews

Worried About Risk, FHA Seeks to Mitigate Decreasing Credit Scores, More…

Changes to the agency’s TOTAL Mortgage Scorecard, go into effect March 18...

March 15, 2019 - Inside FHA/VA Lending

Ginnie Mae Raises Minimum Servicing Spread to 25 Bps

Ginnie Mae’s latest guidance raising the minimum servicing spread will have little impact because most servicers already retain well above the minimum requirement, according to analysts with Keefe, Bruyette & Woods.

March 15, 2019 - Inside Nonconforming Markets

Ocwen Looking to Boost Its Non-Agency Servicing

After years of being prohibited by regulators from acquiring servicing rights, Ocwen Financial is back in business as a buyer in full force. [Includes one data chart]

March 15, 2019 - Inside Nonconforming Markets

Strong Growth for Jumbo Servicing in 2018

The amount of jumbo mortgage servicing handled by the top servicers increased at a much faster rate in 2018 than the total amount of outstanding residential mortgages, according to a new ranking and analysis by Inside Nonconforming Markets. [Includes one data chart]

March 15, 2019 - IMFnews

What We’re Hearing: The Changing of the Guard at the FHFA / A Deep Resume / Retained Capital for Fannie and Freddie, a Matter of When? / The Holy Grail / Impac Mortgage, Act III / FHA Moves to Sure Up its Book

An increase in retained earnings is a pre-cursor to GSE “recap and release,” or as Fannie/Freddie investors call it, the Holy Grail…

March 15, 2019 - IMFnews

A Challenging 4Q18 for Impac; Lender Sells $10.5B of MSRs

In the fourth quarter, Impac’s gain-on-sale margin increased 85 basis points to 203 bps, a reflection of its growing originations of non-QM loans.

March 15, 2019 - Inside MBS & ABS

Fannie and Freddie WAC Spreads Widening

The difference between the weighted average coupon on Fannie Mae and Freddie Mac MBS soared to an average of 10 basis points in January, with Fannie pools showing consistently higher spreads. According to a report by Wells Fargo Securities last month, the wide gap may be because Fannie is offering sweeter guarantee-fee buy-up/buy-down deals to some issuers.

March 15, 2019 - Inside MBS & ABS

Analysts See Little Impact of Ginnie Servicing Spread Hike

Ginnie Mae’s new rule requiring servicers to maintain a minimum servicing spread of 25 basis points will have very little impact on medium and large servicers, according to analysts with Keefe, Bruyette & Woods.

March 15, 2019 - Inside MBS & ABS

MSR Securitization a Hit With Investors; Issuance Rise

Securitization deals backed by mortgage servicing rights are on the rise as nonbank servicers tap the relatively new funding option.

March 14, 2019 - Inside Mortgage Finance

Mortgage Grapevine: GSE Reform; PIMCO Takes a Pass On Deephaven?

A roundup of the week's developing news.

March 14, 2019 - Inside Mortgage Finance

Mortgage Market at a Glance, March 15, 2019

Weekly mortgage rates and application survey data.

March 14, 2019 - IMFnews

SBC Chairman Crapo Schedules Two Days of Hearings on GSE Reform

NAR would like to see Fannie and Freddie restructured as tightly regulated shareholder-owned utilities...

March 13, 2019 - IMFnews

Phoenix Capital and MIAC Unveil New MSR Auctions

MIAC is also ready to take final bids on a $315.3 million Fannie/Freddie/Ginnie Mae MSR portfolio…

March 11, 2019 - IMFnews

Short Takes: Impac, Better Late Than Never / Wall Street Roots / An Early Start to Spring Home Buying? / Sprague Departs Phoenix Capital for STRATMOR Consultancy

An early start to the spring home buying season?

March 11, 2019 - IMFnews

Banks Boosted ‘Servicing for Others’ in 4Q18. However…

The top four banks in servicing for others all reported declining balances…

March 11, 2019 - IMFnews

MSR Auction Market Red Hot

Mark Garland, executive vice president at MountainView Financial Solutions, also sees a robust market developing this year…

March 8, 2019 - Inside Mortgage Trends

Banks Boosted ‘Servicing for Others’ in 4Q

Commercial banks and savings institutions increased the amount of mortgage servicing rights they handle for other investors in the fourth quarter of 2018, although valuations for the asset softened. [Includes one data chart]

March 7, 2019 - Inside Mortgage Finance

Mortgage Market at a Glance, March 8, 2019

Weekly mortgage rates and application survey data.

March 6, 2019 - IMFnews

Short Takes: Ben Carson to Leave HUD After 2020 Election? / CFPB Hearing / Home Price Appreciation Slows / Mortgage Applications Down / Pinto’s Housing Finance Reform Plan

Housing and Urban Department Secretary Ben Carson said he is planning on leaving his post at the end of President Trump’s first term ...

March 1, 2019 - Inside FHA/VA Lending

Around the Industry

A roundup of stories covering the government mortgage sector.

March 1, 2019 - Inside FHA/VA Lending

FHA, VA Delinquency Rates Decline in Fourth Quarter

FHA delinquency rates fell 26.4 basis points between December and January and were down 14.1 bps over an eight-month period ending January, according to the Inside FHA/VA Lending database. [Includes one data chart.]

March 4, 2019 - IMFnews

Short Takes: Pondering the Letter Sent to Joseph Otting / Among the Signors… / More MSR Auctions in the Works / MetLife Has a Nice War Chest of Whole Loans / A New Hire at Gateway Mortgage

More servicing-related auctions are in the pipeline, including a $2.97 billion Fannie Mae/Freddie Mac portfolio from Phoenix Capital...

March 4, 2019 - IMFnews

Feds and Florida Seek to Merge Ocwen Lawsuit

Seeking a merger of the complaints, federal and state regulators now believe their cases overlap sufficiently regarding questions of law and fact…

March 1, 2019 - IMFnews

What We’re Hearing: Throwing Down the Gauntlet on Fannie-Freddie Changes / 27 Trades Sign On / Not One Voice of Concern? / Freddie’s MSR Pilot? / Fixing the Broken Companies / Eli Global and Greg Lindberg Back in the News / Busy Being Named a Director

Is the Senate Banking Committee ever going to hold a hearing on GSE pilot programs?

March 1, 2019 - IMFnews

Mortgage-Investing REITs Pony Up to the Stock Bar

Mortgage-investing REITs aren’t shy about selling additional shares of common to the public…

February 28, 2019 - IMFnews

Short Takes: A Mega Servicing Deal Approaching? / ‘Goldilocks’ Pricing / The Ditech Portfolio? / Fannie & Freddie Common Take a Rest / FHFA’s Final UMBS Rule / Bell Bank Opens AZ Branch, Mortgages on the Menu

The share price of Fannie Mae and Freddie Mac common has been on a mild downward slope since Feb. 22. Meaning?

February 28, 2019 - Inside Mortgage Finance

Mortgage Performance Strong at End of 2018

Mortgage delinquency and foreclosure rates shrunk in the fourth quarter of 2018, helped by tight underwriting standards along with a strong economy and home price trends. [Includes one data chart.]

February 28, 2019 - IMFnews

Purchase Loans Dominate in 2018, Refi Share Rises in 4Q18

The purchase-mortgage share reached 70.6%, the highest reading since 1990...

February 28, 2019 - IMFnews

Borrowers Averse to Refis, Even When They’re Free

The study looked at why borrowers would turn their noses up at free money…

February 27, 2019 - IMFnews

Short Takes: HomeBridge Eyes HomeStreet’s Mortgage Network / As for the Mortgage Servicing Portfolio… / Figuring Out the Calabria Vote / A Rally for Ocwen / A Red Hot MSR Market / A Glum Assessment on Mortgages from Joe Garrett & Co.

Ocwen's share price took off like a rocket Wednesday morning...

February 27, 2019 - IMFnews

SFIG Speakers Expect Administrative Reform of the GSEs. Capital Build? Yes

Michael Stegman: “Clearly, there is going to be some kind of capitalization of the GSEs..."

February 27, 2019 - IMFnews

A Small 4Q18 Loss for Ocwen Amid MSR Buys, a Compensation Reduction for CEO Messina and a New CFO

Ocwen is cutting cash retainer payments to its board of directors...

February 26, 2019 - IMFnews

Short Takes: How Fast for Calabria? Very Fast / It Pays to Have a Godfather / What About a ‘Hold’? / Record Attendance at SFIG Vegas / Mixed Opinions on Expanded-Credit

Now for the big question: Will any Democratic senators put a hold on the Calabria nomination?

February 26, 2019 - IMFnews

Mortgage Banking Income Hits Post-Crisis Low in 4Q18

Despite the dismal fourth-quarter performance, bank income from mortgage banking was actually up 13.5% from 2017...

February 26, 2019 - IMFnews

CFPB Plans Supervisory and Enforcement Budget Cuts

The new CFPB director wants to keep cutting the agency’s budget…

February 26, 2019 - IMFnews

Calabria Nomination to Head FHFA Clears Senate Banking Committee

It was a party-line vote. Not one Democrat voted for the nominee...

February 25, 2019 - Inside the CFPB

CFPB, Florida Ask Court to Merge Their Ocwen Suits

The CFPB and Florida regulators last week asked a federal court to merge their lawsuits against mortgage servicer Ocwen Financial Corp. in order to avoid the risk of future jury inconsistency and to reduce their respective burden.

February 25, 2019 - IMFnews

Short Takes: Kushner Getting Cushy with Fannie and Freddie? / Working with Lenders, Not Property Owners / Prepayments Fall to 18-Year Low / More Funding for

A Freddie spokesman confirmed to us what we’ve always assumed: “We are not a primary lender.”

February 25, 2019 - IMFnews

NAR Dissects GSE Reform Proposals, Has a Few Ideas of its Own

NAR makes a persuasive case that Fannie and Freddie should be restructured as strictly regulated, shareholder-owned utilities…

February 25, 2019 - IMFnews

Buybacks of Fannie/Freddie Loans Fell to a Record Low Last Year

Total lender buybacks fell 14.4% last year…

February 25, 2019 - IMFnews

Former FHA Chief Galante Quits Ocwen’s Board, Ex-GE Exec Britell Joins

Ocwen is scheduled to report fourth quarter results on Wednesday…

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...


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