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Home » Topics » IMFnews » Servicing

Servicing
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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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Serious Delinquencies Elevated Despite Improving Loan Performance

December 23, 2021
Brandon Ivey
While the delinquency rate is near pre-COVID levels, the number of seriously delinquent borrowers is significantly higher.
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Banks Keep Adding to Their First-Lien Portfolios

December 22, 2021
Among the 10 largest banks in terms of first-lien investments, only top-ranked Wells Fargo reduced its portfolio during the July-September period.
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FHA’s Regulatory Workload Remains Significant in 2022

December 22, 2021
Monica Hogan
A spokesperson said HUD is assessing feedback on its proposal for a combination 40-year loan mod...
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More Servicing Packages Ready for the Auction Block

December 21, 2021
Paul Muolo
More MSR deals on the way? Count on it...
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Forbearance Exits Slow During November

December 21, 2021
Brandon Ivey
“The rate of improvement is expected to change very little between now and the end of the year,” Black Knight said.
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Inspector General Recommends CFPB Overhaul Nonbank Examinations

December 21, 2021
Sam Manas
The IG pinpointed four specific problem areas for the supervision...
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NCUA to Allow Credit Unions to Acquire MSRs from Other CUs

December 17, 2021
Brandon Ivey
Certain credit unions will finally be allowed to acquire mortgage servicing rights starting in April.
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