NPL buyers should buy with greater focus on re-sale price in mind

Posted on July 30, 2018

NPL buyers should buy with greater focus on re-sale price in mind In the residential whole loan market, many non-performing loan (NPL) buyers see an opportunity to rehabilitate borrowers, turn the assets into re-performing loans (RPLs) and eventually sell the assets to an investor that specializes in owning RPLs. The strongest buyers of RPLs are […]

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Expect OCC examiners to focus on these three mortgage issues

Posted on July 26, 2018

Expect OCC examiners to focus on these three mortgage issues Compliance risk continues to top the list of the Office of Comptroller of the Currency’s (OCC) concerns about mortgage lending. In the recent Semiannual Risk Perspective, the OCC encourages mortgage bankers and examiners to be aware of the challenges posed by Home Mortgage Disclosure Act (HMDA) […]

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Prices in the MSR market are strong — for pristine portfolios

Posted on July 23, 2018

Prices in the MSR market are strong — for pristine portfolios “Strong” is an adjective frequently used to describe the prices paid for residential mortgage servicing rights (MSRs) in recent months. Beyond the glimmer, however, is the reality that only specific slices of overall portfolios are trading very well, and a lot of MSRs out there are […]

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GSEs are again driving industry innovation

Posted on July 19, 2018

GSEs are again driving industry innovation Over the past several years, as the industry has evolved from a crisis focus to one focused on growth and competitive differentiation, government-sponsored enterprises (GSEs) have re-established themselves as dominant drivers of technological innovation in housing finance. Freddie Mac’s new automated collateral evaluation (ACE) solution for the Loan Advisor […]

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Largest Holders of MSRs Continue to Manage Risk Effectively

Posted on July 16, 2018

Largest Holders of MSRs Continue to Manage Risk Effectively Risk management activities for 14 of the largest holders of residential mortgage servicing rights (MSR) produced an average net gain in asset value of 0.4% during the first quarter of 2018, according to the latest MSR Industry Report produced by MountainView Financial Solutions, a Situs company. […]

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Additional Funding Needed to Pull FHA Out of the ‘Dark Ages’

Posted on July 12, 2018

Additional Funding Needed to Pull FHA Out of the ‘Dark Ages’ “We’re really in the Dark Ages,” said Adolfo Marzol, Senior Advisor to Department of Housing and Urban Development (HUD) Secretary Ben Carson, referring to the Federal Housing Administration’s (FHA) technology infrastructure during a recent American Action Forum event. It is true that FHA’s platform […]

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Amazon Could be a Game-Changer for the Mortgage Industry

Posted on July 09, 2018

Amazon Could be a Game-Changer for the Mortgage Industry Collingwood Group Chairman Tim Rood was featured in a recent article by Inside Mortgage Finance, titled “Does the Future of Mortgage Banking have a Funny Arrow and Feature a Drone Delivery?” Rood weighed in on Amazon’s latest initiatives to break into the mortgage market. “Amazon’s cost to […]

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Geography Quiz: Where Are Residential Mortgages Prepaying the Fastest and Slowest?

Posted on June 28, 2018

In observance of the upcoming Fourth of July holiday, Newswatch will not be circulated next week, but will resume distribution on Tuesday, July 10, 2018. Geography Quiz: Where Are Residential Mortgages Prepaying the Fastest and Slowest? The seven states with the fastest prepayment rates for home mortgages are all in the West – Idaho, Colorado, […]

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