Commercial banks and savings institutions generated $2.00 billion in mortgage-banking income in the second quarter, up 8.7% from the prior period.

Among a group of public mortgage companies income from servicing soared from $397.5 million in the first quarter to $1.87 billion in the second.

Chase tops the competition in the jumbo servicers market in the second quarter of 2023.

Rumors are circulating that Wells Fargo may be ready to peel off and sell another chunk of its MSR assets...

Among AmeriFirst's creditors: Wells Fargo, U.S. Bank and Lakeview...

Birmingham, AL-based Regions Bank will pay the Federal Reserve $2.95 million for violating the regulation implementing the National Flood Insurance Act.

The total delinquency rate for a group of 30 large servicers hit 3.16% at the end of June, up from 2.99% at the end of March.

Some 195,000 mortgages were in forbearance as of the end of July, according to the Mortgage Bankers Association.

Mark Garland, managing director of SitusAMC: “When rates were lower it wasn’t a big deal. Now it is.”

According to early estimates by the office of Hawaii Gov. Josh Green, D, on the number of homes in Maui County that might have been impacted, 5,200 mortgages were owned by Freddie Mac, 9,800 by Fannie Mae and 2,400 by Ginnie Mae, including 1,300 FHA mortgages and 927 VA loans.