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Home » Topics » IMFnews » Servicing

Servicing
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A ‘Preliminary’ Profit for Mr. Cooper, MSRs Sized at $992B

January 29, 2024
Paul Muolo
In trading Monday, Mr. Cooper's common neared a new 52-week high...
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The Walton-Controlled Arvest Offers $9.4B in MSRs

January 29, 2024
Paul Muolo
A bank spokeswoman noted that Arvest only sells "purchased" mortgage servicing rights...
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Margins, Originations Decline at Western Alliance

January 26, 2024
Brandon Ivey
Western Alliance’s gain-on-sale margin declined from 38 basis points in the third quarter to 30 bps in the fourth quarter.
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Short Takes: Bjelac Returns to Carrington Mortgage / Bilt to Venture Into Mortgage Payment Rewards / Colonial Savings to Launch Servicing Ecosystem / TD Bank Announces Community Impact Plan

January 25, 2024
James Dohnert
Carrington Mortgage non-QM expert returns; Bilt Rewards to offer mortgage payment rewards following funding round; Colonial Savings to launch new mortgage servicing ecosystem; TD Bank announces community impact plan to target LMI and minority borrowers.
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Short Takes: Applications for Purchase Mortgages Increase / Delinquencies Rising / Non-QMs Falter / New Expanded-Credit MBS

January 24, 2024
Brandon Ivey
Purchase-mortgage applications increased even as interest rates inched up.
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Short Takes: Forbearance Fades / New CRT From Fannie / CA Acquires Real Info / MSRs on Offer

January 23, 2024
Brandon Ivey
Just 0.23% of mortgages were in forbearance as of the end of 2023.
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Ginnie Outstandings Rise in 4Q, FHA Delinquencies Jump

January 22, 2024
Brandon Ivey
The last time FHA delinquencies were this high came during the COVID crisis...
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loanDepot Unsure of ‘Material’ Impact Tied to Recent Computer Hack

January 22, 2024
Paul Muolo
The cyberattack on loanDepot occurred in early January but the company is unsure of material losses...
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Servicing Rights, a Little Less Valuable at Dec. 31

January 22, 2024
Paul Muolo
But will the markdowns cause much in the way of financial damage?
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Short Takes: loanDepot Brings Systems Online / New Downpayment Assistance Programs / Flurry of Non-Agency MBS

January 19, 2024
Brandon Ivey
Many of loanDepot's consumer-facing websites went back online Thursday.
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