Strong Growth for Jumbo Servicing in 2018 March 19, 2019 Brandon Ivey 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…Read More
Prestwick Offers Up Fannie Mae MSR Portfolio on Behalf of Michigan Bank March 19, 2019 Paul Muolo The servicing package has an average FICO score of 740 and delinquencies of 1.94%.Read More
Worried About Risk, FHA Seeks to Mitigate Decreasing Credit Scores, More… March 18, 2019 George Brooks Changes to the agency’s TOTAL Mortgage Scorecard, go into effect March 18...Read More
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 March 15, 2019 Paul Muolo An increase in retained earnings is a pre-cursor to GSE “recap and release,” or as Fannie/Freddie investors call it, the Holy Grail…Read More
A Challenging 4Q18 for Impac; Lender Sells $10.5B of MSRs March 15, 2019 Paul Muolo 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.Read More
SBC Chairman Crapo Schedules Two Days of Hearings on GSE Reform March 14, 2019 Paul Muolo NAR would like to see Fannie and Freddie restructured as tightly regulated shareholder-owned utilities...Read More
Phoenix Capital and MIAC Unveil New MSR Auctions March 13, 2019 Paul Muolo MIAC is also ready to take final bids on a $315.3 million Fannie/Freddie/Ginnie Mae MSR portfolio…Read More
MSR Auction Market Red Hot March 11, 2019 Paul Muolo Mark Garland, executive vice president at MountainView Financial Solutions, also sees a robust market developing this year…Read More
Banks Boosted ‘Servicing for Others’ in 4Q18. However… March 11, 2019 John Bancroft The top four banks in servicing for others all reported declining balances…Read More
Short Takes: Impac, Better Late Than Never / Wall Street Roots / An Early Start to Spring Home Buying? / Sprague Departs Phoenix Capital for STRATMOR Consultancy March 11, 2019 Paul Muolo An early start to the spring home buying season?Read More
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