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Home » Topics » IMFnews » Servicing

Servicing
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CFPB Cites Abusive Practices in Originations, Servicing

July 27, 2023
Sam Manas
The CFPB noted abusive practices in the mortgage market and many other sectors.
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Annaly Returns to Profitability in Second Quarter

July 27, 2023
Brandon Ivey
The $161.2 million in net income was nowhere near enough to wipe out the $839.3 million loss the REIT took in the previous quarter.
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Large GSE Servicers Gain Share in Second Quarter

July 26, 2023
Dennis Hollier
The 25 largest GSE servicers handled 73.7% of the servicing volume as of the end of June, up from a 72.9% share at the end of March.
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Income Up Sharply at Mr. Cooper in Second Quarter

July 26, 2023
Paul Muolo
Income at Mr. Cooper jumped from $37 million in the first quarter to $142 million.
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Mortgage Complaints to CFPB Down in Second Quarter

July 25, 2023
Sam Manas
Complaints declined by nearly 30% compared with the first quarter.
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Federal Agencies Placing Emphasis on Housing Equity

July 25, 2023
Monica Hogan
A DOJ official suggests that more redlining cases are coming...
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Short Takes: House Prices Tick Up / Pulte Boosts Originations / MSR Offerings From MIAC

July 25, 2023
Brandon Ivey and Paul Muolo
The average house price increased by 0.7% on a monthly basis in May...
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MSR Transfers by UWM, Wells, Others Bolster Sales Activity in 2Q

July 24, 2023
John Bancroft
When in doubt, sell MSRs: UWM transferred $66.1 billion of product in 2Q23...
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Agency Servicing Grows in Second Quarter With Boost at Ginnie

July 21, 2023
John Bancroft
Ginnie Mae's single-family outstanding was up 2.2% in the second quarter while the GSEs posted a 0.3% increase in servicing compared with the end of March..
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No Formal Definition of ‘Junk Fees,’ Only Examples

July 20, 2023
Sam Manas
McGlinchey Stafford attorney Jim Sandy said in an interview with Inside the CFPB that potential defenses against enforcement actions and private litigation have begun to emerge.
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