Subservicing Volume Increases Somewhat in First Quarter June 11, 2025 Paul Muolo Subservicers handled monthly processing work on 27.9% of outstanding residential loans as of the end of March.Read More
Short Takes: Trigger Lead Bill Clears House Committee / Applications Increase With Little Movement in Interest Rates / Foreclosures Decline / Strong Demand for RTL Securitization June 11, 2025 Brandon Ivey The House Financial Services Committee approved H.R. 2808, the Homebuyers Privacy Protection Act, with strong bipartisan support.Read More
Some Drawbacks to Trump’s Deregulatory Moves June 10, 2025 Brandon Ivey Industry participants would prefer to see rules updated rather than rescinded.Read More
Servicing Income Returns to Earth in First Quarter June 10, 2025 John Bancroft Rithm Capital eked out a $28.9 million profit on servicing in the first quarter, but that was down by more than $1 billion from the prior period.Read More
Servicing Sales Head North Once Again, Prices Too June 9, 2025 Paul Muolo Roughly $50 billion in product should find its way to new owners in the coming weeks.Read More
Fed Expected to Hold in Near Term as Jobs Market Softens June 6, 2025 Brandon Ivey The Federal Open Market Committee looks unlikely to cut the federal funds rate at its next meeting, in mid-June.Read More
CFPB Plans Actions on Some Major Mortgage Rules June 5, 2025 Brandon Ivey The CFPB indicated that it plans to rescind some provisions under the LO comp rule, along with changes to servicing standards.Read More
Voxtur Seeing Interest Amid Strategic Review June 5, 2025 Brandon Ivey The mortgage tech vendor has been operating with a “going concern” warning for more than a year.Read More
Fed Removes Asset Cap on Wells Fargo June 4, 2025 Brandon Ivey The cap and other regulatory issues prompted numerous adjustments at Wells, including a retreat on mortgage lending and servicing.Read More
Senate Considering Bill to Establish VA Partial Claims Program June 4, 2025 Emmeline Willey The bill largely aligns with legislation approved in the House in May.Read More
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