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Managing Portfolios.(Brief article)
While rising interest rates are helping to shore up servicing values, a flat yield curve is challenging lenders as they try to manage the interest rate risk inherent in the asset. And that is just one of the things that servicing managers have to keep tabs on these days.
Operationally, servicers are as concerned with portfolio management as ever. While rates have risen and refinancing rates have tapered off, portfolio runoff remains a concern - especially with loan originators aggressively marketing "cash out" refinancing opportunities. To consolidate debt or free up cash for other purposes, an increasing number of homeowners are refinancing without a pure rate incentive.
To top it off, increasing issuance of adjustable-rate mortgages, including option-payment ARMs and interest-only loans, also may drive up refinancing. Many homeowners may switch into fixed-rate products as their loans adjust upward, especially if the yield curve remains as flat as it has been in recent ...
- Irwin Unloads $19B of MSRs.(Irwin Mortgage)(Mortgage Servicing...
- Magazine article from: Mortgage Servicing News Muolo, Paul November 1, 2006 700+ words
...portfolio, investment banking sources have told Mortgage Servicing News. The sale was made public in early October but the parties...effectively within another organization." (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http...
- Servicing Deals Are Heating Up.(Mortgage Servicing News )
- Magazine article from: Mortgage Servicing News February 1, 2005 700+ words
...bulk" market for residential servicing rights is finally showing some signs of life. But will it last? As Mortgage Servicing News went to press, General Electric had finally unloaded the last chunk of its residential servicing portfolio, selling about...
- Equipment Maintenance & Servicing.(News Briefs)
- Magazine article from: Bank Systems + Technology January 1, 1998 700+ words
ATM De La Rue Cash Systems 308 29th St. NE, Cedar Rapids, IA 52402; Contact: Gary Mroz, Sr. V.P. Field Operations 319/369-5000, Fax: 319/366-7608 De La Rue Cash Systems De La Rue is the world's leading cash to cards group involved in the production of over 150 national currencies and a wide range
- Cenlar Tackles HomeSaver Servicing.(News)
- Magazine article from: National Mortgage News July 13, 2009 700+ words
TRENTON, NJ-Fannie Mae has hired Cenlar, a Trenton, N.J., thrift, to service all newly written unsecured loans made under the government-sponsored enterprise's HomeSaver Advance program beginning Friday. Fannie has been using Dyck O'Neal Inc., an Arlington, Tex., collection agency, to service the
- The art of specialist mortgage servicing. (News).(mortgage processing services...
- Magazine article from: Australian Banking & Finance Tuttle, Patrick April 30, 2002 700+ words
OUTSOURCING SUPPORT FOR THE processing of mortgages has become one of the most important management decisions faced by Australian lending institutions. Driving the growing mortgage servicing sector are two major pillars which underpin the success of all lending institutions: customer relationships
- Wells, BoA Dominate Ginnie Mae Servicing.(News)
- Magazine article from: Mortgage Servicing News October 1, 2009 700+ words
Byline: Paul Muolo Washington-Wells Fargo Home Mortgage and Bank of America continued to dominate the GNMA servicing business in the second quarter, achieving a combined market share north of 46%, according to figures released by the Government National Mortgage Association. Wells serviced $192
- Counseling and Mortgages 'Symbiotic'; Sign Up for Mortgage Servicing News...
- Magazine article from: Mortgage Servicing News June 1, 2009 700+ words
Byline: Amilda Dymi One of the most tangible lessons the industry and borrowers appear to have learned from the foreclosure crisis is that counseling is a symbiotic partner to mortgage finance. Demand is energizing the marketplace. Government programs and nonprofits no longer are the main customer
- Half of British garages fail survey on servicing.(News)
- Newspaper article from: Birmingham Evening Mail (England) September 21, 2002 700+ words
MORE than half of British garages deliver low standards of service, according to a disturbing new survey. The Government-sponsored mystery shopping survey found that 51 per cent of garages missed one or more safety related defects in cars or items that should have been picked up in regular
Source: HighBeam Research, Managing Portfolios.(Brief article)