Mortgage servicers are seeking answers from technology to improve their operations with an ‘automation first’ strategy in a post-COVID market.
Read More »Credit Scores and Loan Prepayment Speed
Are prepayment speeds related to credit scores? A recent webinar on residential mortgage servicing rights gave some new insights about the prepayment of loan products and FICO scores by comparing conventional and government mortgages.
Read More »Rising Interest Rates to Help MSR Holders
Moody’s says rising interest rates will soon bring relief to non-mortgage banks currently holding hold interest-rate-sensitive mortgage servicing rights.
Read More »Urban Institute: GSEs Should Consider Raising Nonbank Servicer Capital Requirements
Karan Kaul and Laurie Goodman contend that with taxpayers on the hook when nonbank servicers fail, more regulation is needed in order to reduce risk to taxpayers and shift more of it on to the industry.
Read More »Interactive Mortgage Advisors Opens Dallas Office
Interactive Mortgage Advisors (IMA), a firm focused on the valuation and trading of mortgage servicing rights (MSRs), has added to its operational network with the opening of a new office in Dallas. With its new expansion, the company hopes to gain a foothold in the Lone Star State, which is home to a large number of originators and servicers.
Read More »2013 in Review: Major MSR Deals
The fizzle of 2012's refinance boom and the publishing of new regulatory guidelines took their toll on origination numbers, but it was a decidedly different story for mortgage servicing rights (MSR) deals. DSNews.com takes a look back at some of the biggest wheelers and dealers in the MSR world over the past year, including Nationstar, Ocwen, Walter Investment Management Corp., and Two Harbors, among others.
Read More »Nationstar Shifts Focus to Servicing
Mortgage originators and servicing companies are facing the reality of decreasing new loan volumes and the entrance of new players to the industry, forcing them to reassess where the best sources of revenue can be found. Following an abrupt drop in its stock price, Nationstar recently announced the sale of its wholesale channel, indicating a shift toward its servicing business, and others appear to be following suit.
Read More »MountainView Brings Another Fannie Mae Portfolio to Market
MountainView Servicing Group announced another mortgage servicing rights (MSR) offering on Tuesday, this one a Fannie Mae portfolio valued at $152 million in unpaid principal balance. MountainView's lead advisor on the sale says these kinds of offerings are becoming more commonplace as competition over servicing rights grows within the marketplace.
Read More »SunTrust Settles Legacy Mortgage Issues with Feds and GSEs
SunTrust Banks, Inc., is ponying up millions to resolve mortgage-related legal matters, including claims pertaining to the National Mortgage Settlement, and to settle mortgage repurchase demands from Fannie and Freddie. SunTrust says its third-quarter numbers will be negatively impacted by these resolution actions, resulting in an after-tax earnings reduction of $179 million.
Read More »Analysts Expect Specialty Servicers to Play Larger Role in Refi Market
FBR Capital Markets on Wednesday raised its projection for new mortgage volume in the third quarter to $400-$420 billion, largely due to more activity from special servicers as larger banks relinquish market share. FBR anticipates strong performance from these specialty servicers, partly because of their ability to effectually mine acquired portfolios for refinancing opportunities.
Read More »