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Home » Topics » IMFnews » Servicing

Servicing
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UWM, Guild, Mr. Cooper Add Employees as Nonbanks Shrink

April 3, 2024
Brandon Ivey
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.
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Fitch Warns of ‘Global Contagion’ From Commercial Loans

April 3, 2024
Brandon Ivey
Fitch said issues with commercial loans could prompt the failure of “a moderate number of predominantly smaller banks.”
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Lenders Advised on Code Words, Ransoms

April 3, 2024
Shannon Clark
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.
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Short Takes: Silver Lining in Delayed Annual Report / More MSRs on Offer / Plenty of Buyers / New Translated Glossaries From CFPB

April 2, 2024
Brandon Ivey and Paul Muolo
Better's annual report for 2023 will be delayed due to some corrections for the firm's results for 2022.
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As Late Payments on Non-QMs Rise, Lenders Take Note

April 1, 2024
Paul Muolo
Loan trader Tad Dahlke said he’s seeing a pickup in delinquencies on non-QMs as well as Ginnie Mae loans...
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FHFA Conducting Targeted Exams of Nonbanks

March 29, 2024
Brandon Ivey
Between October 2021 and August 2023, 21 exams were conducted.
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Presidential Election Will Impact Regulatory Environment

March 28, 2024
Monica Hogan
Mortgage industry policy will be subject to more swings as administrations change, according to Ed DeMarco, president of the Housing Policy Council.
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Mortgage Profitability Declines in Fourth Quarter

March 27, 2024
John Bancroft
Earnings from both originations and servicing took another hit in the fourth quarter of 2023.
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For Sale: MSRs With a Delinquency Rate North of 5%

March 27, 2024
Paul Muolo
The delinquency rate on the conventional loans is 5.23%.
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Short Takes: Figure Lending’s Parent Files Confidential IPO Papers / Slow Start to Spring Homebuying Season / Home Price Depreciation in Large Cities / GITSIT (Formerly Kondaur) Wins NPL Auction

March 27, 2024
Brandon Ivey
Figure Technology Solutions filed a confidential S-1 statement.
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