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Home » Topics » IMFnews » Servicing

Servicing
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Subservicing Volume Down Slightly in Third Quarter

December 14, 2023
Paul Muolo
The sector is shrinking thanks, in part, to the origination downturn and meager gains in mortgage debt outstanding.
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Lenders Counting Down the Days to Rate Cuts

December 14, 2023
Brandon Ivey
After the Fed held rates steady Wednesday, uncertainty regarding the path of future rate movements appeared to clear.
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Republican FDIC Appointee Floats Phase-In for Basel Changes

December 13, 2023
Brandon Ivey
Jonathan McKernan, a director at the FDIC, suggested slowing implementation of controversial provisions in a proposal on capital requirements for large banks.
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Short Takes: HPA Expected to Slow / Foreclosures Decline / PrimeLending Growing in Texas / Cenlar Aims to ‘Fortify’ its Compliance

December 12, 2023
Brandon Ivey
Experts surveyed by Fannie project that home price appreciation in 2024 will come in at a rate of less than half of the appreciation accumulated this year.
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MSR Values in Danger of Getting Nicked?

December 11, 2023
Paul Muolo
Declining rates are good for the lending side of the mortgage business, but if you own MSRs...
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Short Takes: Jobs and Interest Rates / CFPB Servicing Rule Coming / Incenter Expands Advisory Services / Securitization of Proprietary Reverse Mortgages

December 8, 2023
Brandon Ivey
Despite a relatively strong jobs report, the MBA still anticipates that the Fed will begin to cut rates in the spring.
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McHenry Declines to Run for Reelection in House

December 6, 2023
Paul Muolo
Rep. Patrick McHenry, R-NC, is currently the chairman of the House Financial Services Committee.
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Mixed Outcome in Dispute Between Black Knight, PennyMac

December 5, 2023
Brandon Ivey
An arbitrator issued an interim award of $155.2 million for Black Knight.
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FHA to Improve Monitoring of Lenders, Servicers

December 5, 2023
Monica Hogan
An inspector general identified counterparty risk related to protecting FHA’s Mutual Mortgage Insurance Fund as one of HUD’s top management challenges for 2024.
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Short Takes: Steady Margins / Older Millennials Struggle / Standardization for HFA Forms / Large Donation From MacKenzie Scott

December 5, 2023
Brandon Ivey
PennyMac's margins in the fourth quarter are at levels similar to those seen in the third quarter.
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