Despite underlying issues with the mortgage market, the FHFA's conservatorship over Fannie Mae and Freddie Mac looks unlikely to end.

CFPB officials directed critical questions at Appraisal Foundation President David Bunton during a recent hearing by the Federal Financial Institutions Examination Council’s Appraisal Subcommittee.

Disregarding changes in MSR values, Ocwen's servicing business was profitable in 2023 while the nonbank's origination business broke even.

The roundtable hosted by the Treasury focused on how the increased risks from climate change are affecting insurance markets.

The agencies securitized a combined $439.25 billion of first-time buyer loans in 2023, which represented 52.8% of agency purchase-loan business.

To this point, the deals have been more frequent in Europe than in the U.S.

The GSEs are looking to ensure servicers have policies and procedures in place that require borrowers continuously maintain property insurance.

Julie McCurley, director of servicing at Mortgage Quality Management & Research, noted that subservicers typically review 10% of their entire portfolio, which consists of loans from multiple clients, providing a low probability for one client’s loans to be reviewed in a subservicer’s audit cycle.

The MBA cautioned that a ruling by the Fourth Circuit against PHH Mortgage departed from standard practices and could have wide-ranging harmful impacts for lenders.

JPMorgan Chase had the largest jumbo servicing portfolio, with $327.9 billion in volume at the end of December.