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Home » Topics » IMFnews » Servicing

Servicing
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The (Large) Servicer Delinquency Rate Falls to 4.56%

August 26, 2021
Brandon Ivey
Residential delinquencies declined across different buckets, led by borrowers who were more than 90 days past due...
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The Final Tally: Nonbank Earnings Plummet as Margins Shrink in 2Q

August 25, 2021
John Bancroft
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?
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Home Point Hit With Multiple Downgrades by Fitch. MSRs May Be Sold

August 25, 2021
Paul Muolo
The nonbank is contemplating selling some of its MSRs...
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Banks Change Course and Add Servicing-for-Others. However...

August 24, 2021
John Bancroft
Federally insured depositories reported $3.088 trillion of servicing-for-others at June 30, mostly representing loans residing in MBS trusts...
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The Coming Mortgage M&A Tsunami?

August 23, 2021
Paul Muolo
The mortgage industry has seen this movie before...
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More Ginnie Mae MSR Deals Find Their Way to Market

August 23, 2021
Paul Muolo
The Prestwick offering has collateral is located in 30 states, with Texas and Arkansas homes leading the pack. Bids are due Sept. 8.
Read More

United Wholesale Planning to Accept Cryptocurrency for Mortgage Payments

August 17, 2021
Brandon Ivey
Some lenders have allowed borrowers to use cryptocurrency to make downpayments or as part of the calculation of a borrower’s assets, but none appear to allow monthly mortgage payments with bitcoin yet.
Read More

Short Takes: Abandonment Rate Up on Forbearance Calls / CFPB is Watching / NYCB Invests in Figure / Sachem’s Income Increases

August 17, 2021
Brandon Ivey
The abandonment rate on calls to servicers jumped to 5.0% from 3.6% the week prior...
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Rocket Posts Lower 2Q Profits and Originations, but Forecasts Record Lending in ‘21

August 13, 2021
Paul Muolo
Overall, the Detroit-based company funded $83.8 billion in 2Q compared to $103.5 billion in 1Q...
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Short Takes: Pipeline Protection? The GSEs? / A Wholesale Issue / Phoenix Capital Offers Bulk MSRs / A Loss for Impac

August 13, 2021
Paul Muolo, Brandon Ivey, and Dennis Hollier
JMP said it sounds like “these actions” by the GSEs “primarily targeted nonbank wholesale channel lenders, of which UWM [United Wholesale Mortgage] and HMPT are among the largest.”
Read More
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Latest Imf News

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