It might be said that Mr. Cooper has timed the servicing market perfectly. While other shops grow tired of the vicissitudes of interest rates and MSR marks, Mr. Cooper has pounced, gobbling up portfolios that have only grown in value as rates stay stubbornly high.

FICO 10 T has helped lenders approve more borrowers, according to a new report from the credit scoring firm.

Changes to the pricing grids of Fannie Mae and Freddie Mac last May created a natural experiment for researchers to study how changes to guarantee fees impact the housing market.

A federal appeals court last month backed United Wholesale Mortgage in a battle with an employee who claimed wrongful termination.

MISMO is out with five proposals, including a tool to simplify standards adoption. Other new features include tech for credit modernization, appraisals and housing counseling.

Retaining servicing rights on production can provide originators a profit opportunity, if they are able to manage the business effectively.

Homebuyers appear to have become a little less honest in their loan applications. Lender beware!

Servicers said they believe the industry can do a better job of educating homeowners of natural disaster risks to their homes.

Some 17.2% of homeowners with mortgages had an interest rate greater than or equal to 6% at the end of the third quarter of 2024, compared to 12.3% in the third quarter of 2023.

Servicing executives said enhanced data have helped homeowners avoid foreclosure and kept overall losses down for investors.