Some subservicers are offering to pay deboarding fees charged by competing subservicers to help prompt transfers. MSR owners have some hesitation beyond fees, including risks from transfers.
Securitization of mortgages for investment properties at the government-sponsored enterprises declined while conforming jumbo business increased. (Includes data table.)
A former Morgan Stanley employee has claimed the bank systemically pressures its staff to approve mortgages for wealthy clients, even when they don’t qualify.