Servicers must adjust their thinking on delinquencies, reserves and collections when the borrower is an investor rather than an occupant.

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.

Despite slight declines in portfolios among the top jumbo servicers, servicing volume for the jumbo market stayed relatively flat from the fourth to the first quarter. (Includes data table.)

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.)

A recent appeals court decision against an out-of-state lender may prevent future loan modifications in California for loans with interest rates above 10%.

Delinquencies on non-QMs are starting to keep some senior managers up at night. The fear: a wave of buyback requests.

A recent victory in court for Sharestates could lead to increased originator protections in the business purpose lending market.

Select Portfolio Servicing remained the largest nonprime mortgage servicer at the end of 2023. Delinquencies in the sector are climbing. (Includes data table.)

Top servicers’ jumbo portfolios declined from the third to the fourth quarter of 2023. But from a year ago, servicing volumes were up. (Includes data table.)

Delinquencies on non-qualified mortgages spiked in November, adding to a “worrying” trend, according to dv01.