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Home » Topics » IMFnews » Servicing

Servicing
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FHA Proposes Updates for Partial Claims

September 13, 2024
Monica Hogan
Among other changes, the draft ML proposes extending the required time, from five to 15 days, for servicers to record a partial claim security instrument.
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Short Takes: Affordability Tipping Point / Foreclosures Decline / Spanish Option From CrossCountry / 10,000 Applications in Spanish

September 12, 2024
Brandon Ivey
Buying a home is “roughly affordable again at the national level,” according to Zillow.
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Production Income Picks Up Some Slack in Second Quarter

September 11, 2024
John Bancroft
Income from mortgage production increased in the second quarter as servicing income declined.
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Trade Groups, Consumer Advocates Voice Concern Over CFPB Proposal on Language Access

September 10, 2024
Shannon Clark
A new requirement to extend language access for home borrowers within the CFPB's proposal to update Regulation X's mortgage servicing requirements will actually do the opposite, according to a joint comment letter submitted on the proposal.
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Nonprime Servicing Portfolios Grow Modestly in Second Quarter

September 5, 2024
James Dohnert
Among a group of 20 prominent nonprime servicers, portfolios increased by 0.6% in the second quarter.
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Short Takes: Non-QMs From The Loan Store in MBS / Inventory of Homes for Sale Increases / Freddie Selling NPLs

September 5, 2024
Brandon Ivey
The Loan Store acquired Homepoint Financial’s wholesale lending operations last year.
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Short Takes: MSR Values Decline / Retention Performance Falters / Rocket Taps Former CEO of Sagent / Home Improvement Securitization

September 4, 2024
Brandon Ivey
MSR values are coming down as interest rates decline.
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Banks' Mortgage Servicing for Others Falls

August 30, 2024
Brandon Ivey
Banks are pulling back on mortgage servicing for others, according to a recent Inside Mortgage Trends report.
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UI Fellows Call for FSOC Action on Nonbank Mortgage Shops

August 28, 2024
Paul Muolo
UI wants government regulators to adopt such ideas as allowing nonbanks to join the FHLB system.
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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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