The company negotiates debt settlements on behalf of struggling consumers, charging fees for the service. The $153.2 million ABS is linked to fees that have yet to be collected by Americor.

Leaders at Equifax and TransUnion are optimistic that the GSEs’ adoption of VantageScore will lead to revenue moving from FICO to credit bureaus. The officials also defended the tri-merge score process at the GSEs.

Demand for MSRs among investors remains steady even as declining interest rates lead to lower valuations for the assets. The supply of MSR for sale could also increase as lenders originate more mortgages.

Increased home purchase contract cancellations and declining pull-through rates are driving up costs for mortgage lenders.

With the acquisitions of Redfin and servicing giant Mr. Cooper complete, Rocket Mortgage’s executives say the lender is positioned to take advantage of sliding interest rates.

Tiptree is selling Reliance First Capital to Carrington, and other M&A deals are in the works.

The extended partial shutdown of the federal government is putting stress on some mortgage borrowers.

FHA Commissioner nominee Frank Cassidy and Ginnie Mae President nominee Joseph Gormley testified before a Senate committee this week, relying on stock language or otherwise sidestepping in their responses.

Pennymac is allowing disabled veterans to use their anticipated property tax exemption for loan qualification purposes in certain states.

Developers planning to apply for FHA financing for multifamily units have to wait until Congress reaches an agreement to fund the government, prompting an application backlog.