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Home » Topics » IMFnews » Servicing

Servicing
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For Sale: $1B-Plus of GSE MSRs

August 27, 2024
Paul Muolo
The servicing sales market has slowed noticeably the past few months.
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CFPB Fines Fay Servicing, Threatens to Cap CEO’s Pay

August 22, 2024
Shannon Clark
The company has been hit with $5 million in fines and redress, and must change its practices to be compliant with the CFPB's orders or face additional consequences.
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Short Takes: Delinquencies Increase in Houston Following Hurricane / HELOC Delinquencies / Housing Inventory Limited / PIMCO’s Latest Non-QM MBS

August 22, 2024
Brandon Ivey
Hurricane Beryl prompted an estimated 10,000 new delinquencies in the Houston area in July, according to ICE.
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Jumbo Servicing Portfolios Level in 2Q

August 21, 2024
James Dohnert
Chase remained the top servicer in the group, handling $326.90 billion of jumbos as of the end of June.
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Short Takes: Low Home Sales, Gradual Price Increases / Wells to Sell Part of Commercial Servicing Business / Forbearance Levels Increase / Better’s Stock Split

August 20, 2024
Brandon Ivey
Home prices increased by 0.2% on a monthly basis in July, according to Redfin.
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Usually an MSR Buyer, Freedom Decides to Sell a Little

August 19, 2024
Paul Muolo
Servicing transfer figures compiled by Inside Mortgage Trends show that last year Freedom purchased roughly $44.3 billion of bulk MSRs...
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More MSR Deals on the Horizon?

August 19, 2024
Paul Muolo
The MSRs include loans from Kentucky, Georgia and 22 other states...
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Early-Stage Delinquencies Up; Serious Delinquencies at 40-Year Low

August 16, 2024
Brandon Ivey
The seriously delinquent rate fell to 1.01% at the end of June.
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Lenders Make Plans to Recapture Borrowers With Refis

August 15, 2024
Brandon Ivey
Servicers have cited investments in technology to better track when a borrower might refinance, and investments in call center operations to complete the refis.
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Short Takes: ‘Soft Landing’ Still Possible / Neutral Housing Market / Pending Home Sales Decline / Newrez Launches Emergency Fund for Employees

August 15, 2024
Brandon Ivey
The economy is looking somewhat stronger than expected, based on data released Thursday.
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