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Home » Topics » IMFnews » Servicing

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Ginnie Proposes New Pool Type to Help HECM Lenders

June 28, 2024
Monica Hogan
The proposal aims to address issues similar to those that led to the failure of Reverse Mortgage Funding.
Read More

MSR Investors Expect ‘Feeding Frenzy’ During Refi Wave

June 28, 2024
Brandon Ivey
Prepayment rates are expected to be higher than in previous refinance cycles because lenders have bumped up spending on technology to improve recapture rates and loan originators are eagerly anticipating increasing their volume.
Read More

Short Takes: Pending Home Sales Decline / Two Rate Cuts This Year? / Fallout From SCOTUS Ruling on SEC / Biden’s Housing Plans

June 28, 2024
Brandon Ivey
Pending home sales declined by 2.1% on a monthly basis in May.
Read More

MSR Buyers Prepping for Split on Delinquencies in Agency MBS

June 27, 2024
Brandon Ivey
Servicers face more onerous advance requirements for delinquent loans in Ginnie MBS compared with loans in GSE MBS.
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Nonprime Servicing Portfolios Tick Up in First Quarter

June 27, 2024
James Dohnert
Chase was the only servicer among the top five to have its nonprime mortgage servicing portfolio shrink between the fourth and the first quarters.
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MSR Bids Not High Enough for Some Sellers

June 26, 2024
Brandon Ivey
Some planned MSR sales are being scrapped because the seller has the MSR marked at a higher level than the highest bid.
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A Lull in Mortgage Servicing Sales. Will It Last?

June 24, 2024
Paul Muolo
This year, MSR sales could drop to $500 billion, still a great year historically speaking...
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Fannie Economists Revise Rate-Cut Expectations

June 21, 2024
Brandon Ivey
Fannie economists now only expect one rate cut by the Fed this year, possibly in December.
Read More

Short Takes: Delinquencies Down, Prepayments Up / FHFA Seeks Input on FHLBank Affordable Housing Program / CHLA Calls for Mortgage Interest Credit / HELOCs From CMG in New MBS

June 21, 2024
Brandon Ivey
The mortgage delinquency rate declined to 3.04% as of the end of May, down from 3.09% at the end of April, according to Intercontinental Exchange.
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CFPB Issues Permanent Ban to Reverse-Mortgage Servicers

June 20, 2024
Brandon Ivey
Sutherland and NOVAD formed a servicing operation in 2014 to service HECMs on behalf of HUD.
Read More
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