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Home » Topics » IMFnews » Servicing

Servicing
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Short Takes: A Rare Jumbo MBS / Data Standardization / Delinquencies Decline / Home Price Outlook

June 23, 2023
Brandon Ivey
Only two jumbo MBS hit the market in a 30-day span. Both were from Chase...
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Planet Home Acquires $10 Billion in Ginnie MSRs

June 22, 2023
Brandon Ivey
The acquisition boosts Planet Home’s servicing portfolio to $94 billion.
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Short Takes: MSR Offerings / Support for New ‘Trigger Lead’ Bill / Housing Inventory Hits Record Low / CRT From Freddie

June 21, 2023
Paul Muolo and Brandon Ivey
Plenty of MSRs available for sale.
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Numerous Regulatory Changes Involving FHA in the Works

June 20, 2023
Monica Hogan
More than a dozen actions are planned in the coming months.
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Wells Holds On to Top Servicer Spot

June 16, 2023
John Bancroft
Wells Fargo could be dethroned as the largest mortgage servicer shortly.
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CFPB Plans Proposal to Streamline Servicing Standards

June 16, 2023
Brandon Ivey
Chopra didn't provide details on the CFPB's plans, though he noted issues with paperwork, servicing fees and credit reporting.
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Short Takes: Servicers Reduce Staff / New Non-QM MBS / Homebuilder Buydown Tactics

June 16, 2023
Brandon Ivey
Staffing levels at servicers are declining, though not nearly at the rate seen on the origination side.
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Banks’ Mortgage-Banking Income Increases

June 15, 2023
Brandon Ivey
Mortgage-banking income at banks and thrifts increased by 35.7% in the first quarter of 2023 compared with the previous quarter.
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Supreme Court Ruling Will Change Practices on Tax Foreclosures

June 15, 2023
Sam Manas
Prior to the ruling, lenders and mortgage servicers would often advance the amounts homeowners owed to the government in order to prevent the foreclosure sale and resulting release of their lien.
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Chopra: Finding CFPB Unconstitutional Would Destabilize Mortgage Market

June 14, 2023
Sam Manas
The Consumer Financial Protection Bureau director said a Supreme Court ruling against his agency would "create major uncertainty in our mortgage markets."
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