Servicers have until Oct. 1 to implement the program.

The high inflation reading for March is one factor that will keep interest rates higher for longer.

“The producers move over to a new firm and that’s it — that’s the M&A activity,” said David Fleig, who runs MorVest Capital, a servicing advisory firm.

A rebound could be afoot for MSR loans...

Hiring activity in March was stronger than expected, which could help prompt the Fed to delay cutting interest rates.

United Wholesale Mortgage had 6,700 employees as of the end of 2023, up 11.7%, the largest increase among the lenders in the analysis.

Fitch said issues with commercial loans could prompt the failure of “a moderate number of predominantly smaller banks.”

Given that scammers are using artificial intelligence to mimic voices of trusted sources, Violet Sullivan, assistant vice president at Crum & Forster Insurance, recommended mortgage companies require the source to provide a code word or phrase during verbal confirmation of a transaction.

Better's annual report for 2023 will be delayed due to some corrections for the firm's results for 2022.

Loan trader Tad Dahlke said he’s seeing a pickup in delinquencies on non-QMs as well as Ginnie Mae loans...