The rule would require mortgage servicers to only pursue foreclosure as a last resort and increase disclosure requirements. Loss-mitigation application requirements would also be streamlined.

Federal regulators are working on a re-proposal of a rule that would adjust capital requirements for large banks.

While forbearance options helped many homeowners avoid foreclosure during the pandemic, alignment between programs could help.

There’s more demand for mortgage servicing rights than there is supply at the moment, helping to keep prices for the assets elevated. Even if MSR sales increase this year, prices are expected to remain firm.

The CFPB has permanently banned three companies from servicing reverse mortgages. Separately, the bureau issued a proposed order against Freedom Mortgage for repeated submissions of faulty HMDA data.

Is your mortgage CEO worth $30 million a year? $20 million? That may depend on the company’s share price. It might be argued that some executives of publicly traded nonbanks earn their keep while others might be in for a case of comeuppance. (Includes data table.)

Lenders are once again making money on mortgage originations, though not a ton. For now, some are holding onto servicing.

Nonbanks handled servicing on the majority of mortgages outstanding for the first time as of the first quarter of 2024. While nonbanks have been the majority servicers in the MSR market for years, the broader servicing tally includes whole loans. (Includes two data tables.)

While loanDepot launched a new debt-exchange program with investors, its chairman was busy selling shares in the company. Bad optics or no big deal?

Cybersecurity insurance is getting more difficult for mortgage companies to obtain and some lenders appear to be unable to meet reporting requirements set by the GSEs on security.