Servicing

The Prestwick Mortgage Group is offering investors a GSE 'flow' servicing arrangement that could be as large as $720 million per year in MSRs.

Richard Cordray, director of the Consumer Financial Protection Bureau, told a group of business journalists Friday that he is looking forward to being held accountable by them. Moments later, he was defending the agency's power.

An appellate court decision earlier this month would provide a new avenue for borrowers to file suit against mortgage servicers that deny permanent modifications under the Home Affordable Modification Program.

Last year's repeal of the final remaining vestige of Regulation Q, the prohibition of payment of interest on business demand deposits, at long last completed a pro-competitive process which began with the Monetary Control Act of 1980. The repeal was and is a good idea.

If it's springtime it's time for one of the things I anticipate the most in the mortgage calendar.

In case you haven't been paying close attention and reading the National Mortgage News website (and our paper weekly) the past year, there's a gargantuan shift underway in the mortgage industry. We correctly predicted that the servicing side of the business is 'deconsolidating.'

Collateral Intelligence has signed on with FICO to provide valuation and support for the credit risk provider’s analytic solution that predicts borrowers who are at risk of strategically defaulting on their mortgages.

Rent increases reported across the country and outlooks predicting the same for the near future also indicate the window of opportunity in rental-housing investments is about to open up in some local markets and may start to close soon in others.

Despite a $25 billion national mortgage servicing settlement being filed that provides assistance for homeowners to compensate for faulty foreclosure practices that occurred following the housing market crash, scammers were still prepared to capitalize on the vulnerability of desperate homeowners.

Fannie Mae this week reported "significant improvements" in the performance of several of its largest seller/servicers, even though only half received satisfactory reviews.