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Home » Topics » IMFnews » Servicing

Servicing
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Mortgage Income at Nonbanks Choppy in First Quarter

May 31, 2023
John Bancroft
Half of the 16 public nonbanks posted losses in the first quarter.
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UBS Receives Multiple Bids for Servicing Handled by SPS

May 31, 2023
Paul Muolo
The Utah-based specialty servicer became the property of UBS during the recent bank liquidity crisis.
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OneMain Paying NY $4.25 Million for Security Failures

May 30, 2023
Sam Manas
The New York Department of Financial Services said OneMain failed to effectively manage user access privileges, improperly managed security policies for software development and failed to conduct due diligence for certain third-party vendors.
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Short Takes: Slow Progress at States on Nonbank Standards / Home Prices Essentially Flat / Ginnie to Expand MBS Disclosures / Arvest Loses Servicer Rating

May 30, 2023
Brandon Ivey
Minnesota becomes the fifth state to adopt the CSBS's model framework for nonbank prudential standards...
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Short Takes: GSE Ratings on Downgrade Watch / Interest Rates Rise / Non-QM Performance Choppy

May 26, 2023
Brandon Ivey
The ratings of the GSEs are linked to ratings for the U.S., which are also on watch for downgrade amid an approach to breaching the debt ceiling.
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FHA Plans to Expand Loss-Mitigation Options

May 25, 2023
Monica Hogan
FHA's partial claim option isn’t working well enough, according to FHA Commissioner Julia Gordon.
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Proposals to Help Nonbank Ginnie Servicers

May 24, 2023
Paul Muolo
The fear is that if delinquencies rise significantly, nonbanks will have a tough time making the required advances to investors in Ginnie MBS.
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Short Takes: CHLA Seeks Friendlier Buyback Policy / The Servicing Hedge / New eMSR Exchange / Spring Homebuying Season Starts When?

May 19, 2023
Brandon Ivey
CHLA called on the GSEs to offer indemnification rather than a repurchase request for any performing loan with defects.
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Court Sides with Ocwen in Dispute with CFPB

May 18, 2023
Sam Manas
Ocwen entered into a consent judgment with the CFPB that lasted from February 2014 to February 2017.
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Banks’ Mortgage Earnings Improve in First Quarter

May 16, 2023
John Bancroft
Mortgage earnings at banks bounced back after a dismal fourth quarter.
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