Fitch Ratings revised its rating outlook for Select Portfolio Servicing from negative to stable, citing a new owner for the nonprime servicer and other factors.

Newrez and a handful of other servicers are gaining ground on Select Portfolio Servicing for non-agency MBS servicing duties. (Includes data table.)

The total amount of nonprime servicing handled by a group of 20 specialists rose 2.2% from the end of the third quarter to the end of 2024. (Includes data table.)

Select Portfolio Servicing added more servicing volume from non-agency MBS than Shellpoint Mortgage Servicing in the second quarter. (Includes data table.)

Select Portfolio Servicing continued its reign as the top nonprime mortgage servicer with an estimated $162.0 billion portfolio as of the end of March.

Shellpoint Mortgage Servicing was the top servicer of mortgages backing non-agency MBS issued during the first quarter. Select Portfolio Servicing followed closely behind. (Includes data table.)

Shellpoint topped the ranking for the fourth consecutive quarter....

Shellpoint Mortgage Servicing handled servicing duties on $3.65 billion of non-agency MBS issued in the third quarter. (Includes data table.)

Select Portfolio Servicing continued to dominate the sector in the second quarter. (Includes data chart.)

Credit Suisse rejects bids for non-agency MBS servicing handled by SPS; SFA President Kristi Leo to depart; Ginnie sets timelines for transition away from GinnieNET; hotel operator details reasons for ceasing payments on loan in commercial MBS.