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Home » Topics » IMFnews » Servicing

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Nonbank (Agency) MSR Market Share Just Shy of 61% at Yearend

January 13, 2022
John Bancroft
Depository institutions increased their agency mortgage servicing rights by just 0.4% during the final three months of the year.
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Up for Grabs: At Least $67 Billion of MSRs

January 13, 2022
Paul Muolo
As might be expected, all of those unloading product are believed to be nonbanks.
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States Urge FHA to Ensure Implementation of COVID Relief

January 12, 2022
Monica Hogan
The AGs said servicers are still sending borrowers letters that fail to include the COVID-19 recovery modification as an option, while requiring unnecessary paperwork...
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Earnings Season is About to Start. Hope for Mortgage Bankers?

January 11, 2022
As Wedbush Securities notes in a new report, “We expect lower prepayment speeds should lead to positive marks on MSR values in the quarter.”
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Servicers Skittish on Moving Forward with Foreclosures

January 11, 2022
Brandon Ivey
With the CFPB watching closely, mortgage servicers are careful about how they approach foreclosures...
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As Nonbank Mortgage Stocks Swoon...

January 7, 2022
Paul Muolo
Two of the six — UWM and FoA — became public entities via a SPAC maneuver, something Better.com is presently attempting.
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$10 Billion Worth of MSRs Hit the Market

January 6, 2022
Paul Muolo
In a red hot servicing market, bidding could be fierce...
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loanDepot Reaches Milestone on Developing Inhouse Servicing Platform

January 4, 2022
Paul Muolo
Ginnie Mae mortgages carry a servicing fee of 44 basis points. It can now keep that income all to itself, instead of sharing it with a subservicing vendor...
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The Fed: Borrowers Benefit From An Increase in Nonbank Share

December 28, 2021
Dennis Hollier
Fed researchers found that a one-standard-deviation increase in market share led to an 18% reduction in mortgage complaints against nonbanks...
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Credit Unions Get the Right to Buy MSRs. However...

December 23, 2021
Brandon Ivey
The regulatory development sounds interesting, but there are a few strings attached...
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