Subservicer benchmark survey shows 27-point gap between best, worst performers
Garrett, McAuley & Co. surveyed 53 mortgage banking firms, with composite scores ranging from 53 to 80
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Proposal seeks to standardize MSR accounting for recapture values
Analysts say the change should boost transparency but is unlikely to move MSR carrying values
Fay Group acquires VanDyk Mortgage to expand conforming loan footprint
Deal brings Fannie, Freddie and Ginnie execution plus MSR book
Ginnie Mae wants issuers to focus on fixing loan-level data quality
Joe Gormley says standardized submissions could cut reconciliation work and support friction-free servicing transfers
CCM to issue $500M in senior notes as Two Harbors deal nears closing
CrossCountry Intermediate Holdco (CCM) is expected to issue $500 million of senior unsecured notes, coinciding with the projected August closing of its Two Harbors Investment Corp. acquisition.
As CCM is poised to win the TWO bidding war, an integration test awaits
With CrossCountry Mortgage’s deal to acquire Two Harbors Investment Corp. one step closer to the finish line after securing shareholder approval, the focus is shifting to what may be the next major challenge: integrating the businesses.
Newrez servicing arm sued in New Jersey over alleged RESPA violations
Homeowner alleges Shellpoint delayed loss-mitigation reviews and sent inconsistent figures while foreclosure activity continued.
Don’t give away your future: Why servicing is becoming a strategic asset
A servicing portfolio gives you access, but it doesn’t automatically create loyalty. This is where customer experience becomes critical.
UWM, Two Harbors CEOs clash in emails ahead of CCM deal vote
Executives at United Wholesale Mortgage and Two Harbors Investment Corp. raised the heat in an email exchange during their latest round of deal negotiations.
Ginnie Mae’s Joseph Gormley sounds the alarm on ‘risk-layered’ FHA portfolios
Ginnie Mae removed TPP loans from delinquency counts, expects cures to improve and ramps up loan-level transfers to boost liquidity.