Key point: Although 30-day lates make up 2.1% of all mortgages, 38% of that is comprised of FHA mortgages.

Stronger originations and servicing income helped drive Guild to a profit in the second quarter after taking a loss in the first quarter.

United Wholesale Mortgage has all of its servicing with one subservicer as the nonbank builds an in-house servicing operation.

Servicing was the only mortgage category to see a quarterly drop in complaints.

"The challenge is getting the requisite understanding of risk, providing the governance infrastructure and really creating the level of transparency and understanding that allow for a less sophisticated lender to adopt this technology," said John Levonick, a senior partner at the law firm of Garris Horn.

The top five markets with a “very high risk” of home price declines are all in Florida, according to Cotality.

Onity valued its owned MSR book at 144 basis points at midyear 2025.

“Gravity is being tested,” said Mark Garland, a managing director at SitusAMC.

A key factor for some banks appeared to be a sharp decline in provisioning for credit losses.

Market share for the top five firms in owned servicing slipped from 39.5% of the top-50 market at the end of March to 39.2% as of the end of June.