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Home » Topics » IMFnews » Servicing

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Earnings Improve at Nonbanks in First Quarter

May 22, 2024
John Bancroft
Several companies increased origination volume, posted stronger gain-on-sale margins and reported rising values for mortgage servicing rights.
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CFPB Seeks More Details on Credit Report Costs

May 21, 2024
Dennis Hollier and Brandon Ivey
The CFPB is considering rulemaking or guidance aimed at improving competition, choice and affordability.
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Short Takes: FHA Increases Allowable Fee for Assumptions / Ginnie Requires Plans From Large Nonbanks / New CRT From Fannie / FDIC Chair to Resign

May 21, 2024
Brandon Ivey
The allowable fee lenders/servicers can charge for assumptions of FHA mortgages is now $1,800.
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Bank MSR Balances Keep Slip Sliding Away

May 20, 2024
Brandon Ivey
The five largest banks in terms of servicing for others all reduced their portfolios in the first quarter.
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Small Gains in MSR Values

May 20, 2024
Paul Muolo
MSR values are shaped by interest rates, asset desirability, hedging techniques and more...
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Mortgage Lenders Relieved by SCOTUS Ruling on CFPB

May 17, 2024
Brandon Ivey
Bob Broeksmit, president and CEO of the MBA, said that if the Supreme Court had invalidated the CFPB's rules, there would have been a severe impact on the housing market.
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Supreme Court Rules CFPB’s Funding is Constitutional

May 16, 2024
Shannon Clark
The 7-2 decision upholds the bureau’s ability to receive funding directly from the Federal Reserve and overturns a decision by the Fifth Circuit Court of Appeals.
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Broeksmit Calls for National Housing Policy Director

May 16, 2024
Monica Hogan
“The current approach is clearly failing,” said Bob Broeksmit, president and CEO of the Mortgage Bankers Association.
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FSOC Report on Nonbanks: Trouble for Smaller Servicers?

May 13, 2024
Namrata Bhatia
During the COVID crisis, Ginnie's PTAP program was not widely used by nonbanks...
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Megabank Unloads a Large Chunk of MSRs. Size: $12B-$15B

May 13, 2024
Paul Muolo
At March 31, U.S. Bank owned $347.7 billion of MSRs, ranking ninth among all servicing owners.
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