Countrywide Financial has reclaimed its top ranking in the mortgage servicing business thanks to a surge in loan production market share and vigorous bulk acquisition activity in 2007. According to the latest ranking and analysis by... [Includes one chart and one graph]
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The turmoil in the subprime market continued to slam more mortgage businesses as one of the largest specialty servicing operations came under intense pressure and a mortgage banking kingpin cautiously backed away from the sector. C-BASS, the scratch-and-dent subprime...
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Freddie Mac this week announced increases in the delivery fees it assesses for Home Possible mortgages and certain loans that are combined with secondary financing. The increased fees reflect overall declines in house price appreciation, rising default...
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A number of contrarian investors see opportunity in the headlong retreat from the subprime mortgage market and are scooping up troubled companies or pumping cash into business strapped with poorly performing assets. Joseph Scanlan, an analyst with Advantus...
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JPMorgan Chase has simplified its disclosures to nonprime borrowers in response to recent federal and state guidelines on nontraditional subprime mortgages. Regulatory guidance aside, a nationwide poll shows deep and widespread consumer mistrust of mortgage...
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Congress, the federal government, and the mortgage industry should begin thinking about a national catastrophic insurance program to remove the uncertainties lenders face in originating home loans in areas prone to natural disasters, according to the Mortgage...
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The House of Representatives last week adopted legislative provisions that would provide the Federal Bureau of Investigation and the Department of Justice with additional resources to fight mortgage fraud. An amendment sponsored by Rep. Judy Biggert, R-IL...
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The House Financial Services Committee this week approved H.R. 2895, the National Affordable Housing Trust Fund Act of 2007, which would tap Fannie Mae, Freddie Mac and the FHA to pay for subsidies for an estimated 1.5 million housing units over the next decade. The bill...
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The Ginnie Mae servicing business grew by a modest 2.7 percent in the second quarter of 2007, marking the fifth consecutive period of growth for the program. A total of $423.09 billion of Ginnie Mae servicing rights were outstanding at... [Includes one chart]
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Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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