Mortgage executives are praying that even though eminent domain plans have been talked about and brought to a vote in a handful of cities, that it never gets used.
The rating service singles out Ocwen Financial, Nationstar Mortgage, Walter Investment Management, Quicken Loans, Provident Funding and PennyMac Loan Services, all of which have significantly increased their MSR portfolios.
The Federal Housing Finance Agencys new servicing project will take a close look at how large-scale packages of mortgage-servicing rights are sold and transferred, but will also delve into what mortgage bankers thought was a dead issue: minimum servicing fees paid to processors. You might say that FHFA is tackling the whole servicing arena in a big way, said one mortgage consultant who has been briefed on the agencys plans. The regulators sudden interest in transfers comes...