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Tag Archives: MSRs

Credit Scores and Loan Prepayment Speed

credit scoring

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.

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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.

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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.

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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.

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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.

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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.

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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.

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AmeriFirst Turns to LPS’ Servicing Platform to Support Growth

Lender Processing Services, Inc. (LPS), a provider of technology, services, data, and analytics to the mortgage industry, announced that AmeriFirst Home Mortgage has completed its implementation of LPS' MSP mortgage and consumer loan servicing platform. AmeriFirst says it decided on LPS' system because it offered ""the complete package.""

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