Wells Fargo's jumbo servicing portfolio declined by 2.5% to $242.25 billion...

In a new report, the rating service notes the “extensive” MSRs of nonbanks “often make the quality of their capital much weaker than that of banks.”

Final bids on the MSR package are due Sept. 2...

Dave Worrall of LoanCare: “It will be interesting to see how the delinquency numbers change as the [foreclosure] moratoriums end.”

Fannie Mae said its mortgage servicers are authorized to offer payment forbearance for up to 90 days to those impacted by Hurricane Ida, even if they don’t hear from the homeowner — that is, if the servicer believes the homeowner was affected by the disaster.

Some servicing brokers have suggested to IMFnews the RFI, in some cases, has caused buyers of Ginnie servicing rights to reduce the value of their bids.

MSR offerings won’t get frothy until mortgage lender/servicers, especially those of the publicly traded variety, feel the heat from company owners — and investors — to keep the earnings gravy train going...

Risk tolerance? Certain companies may adjust the number of people they send to annual conventions as their internal guidelines shift...

Residential delinquencies declined across different buckets, led by borrowers who were more than 90 days past due...

Nonbank earnings season is over. The bottom line: profits fell, but that was to be expected. The big question: Where do we go from here?