Pennymac asked the Financial Accounting Standards Board to clarify accounting practices involving mortgage servicing rights and recapture assumptions. The effort has support from some major MSR buyers who are looking for a level playing field.

More large aggregators adopted eNotes this year, pushing up the share of closings completed digitally.

Carrington Mortgage and Rate launched new tools to reach borrowers with limited English proficiency.

After originating HELOCs on its own as a proof-of-concept, Figure Technology Solutions is now largely facilitating originations and loan sales for others, charging fees along the way. The company generated $89.8 million of net income in the third quarter.

The share of renter households whose rent payment history has been reported to at least one credit bureau grew from 3% to 13% in four years.

AI and self-service options are increasingly being used to help servicers communicate with younger homeowners.

The trade group said the bureau’s open banking rule is a productive step toward encouraging a consumer-authorized data-sharing system.

Mortgage executives recommend frequent communication and annual in-person meetings to help staff overcome burnout challenges.

Primis Bank, SmartBank, Bank7 and other smaller banks are touting efforts to increase their mortgage lending. Meanwhile, some banks continue to pull back from the sector.

Alerting delinquent borrowers of their home equity might lead some to sell for a profit, avoiding the costs and disruptions incurred by foreclosure, according to industry analysts.