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Home » Topics » IMFnews » Servicing

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Supreme Court Ruling Will Change Practices on Tax Foreclosures

June 15, 2023
Sam Manas
Prior to the ruling, lenders and mortgage servicers would often advance the amounts homeowners owed to the government in order to prevent the foreclosure sale and resulting release of their lien.
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Chopra: Finding CFPB Unconstitutional Would Destabilize Mortgage Market

June 14, 2023
Sam Manas
The Consumer Financial Protection Bureau director said a Supreme Court ruling against his agency would "create major uncertainty in our mortgage markets."
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MSR Marks Drag Down Mortgage-Banking Income

June 13, 2023
John Bancroft
Operating income from servicing is stable; fluctuations in MSR valuations account for most of the ups and downs in the sector.
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In Limbo: The Future of Select Portfolio Servicing

June 12, 2023
Paul Muolo
Roughly $1.6 billion in advances were attached to the portfolio.
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Short Takes: Foreclosures Increase / Affordability Improves / Upgrades for Velocity’s MBS

June 9, 2023
Brandon Ivey
Foreclosure filings increased in May.
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Jumbo Servicing Portfolios Grow Somewhat in First Quarter

June 8, 2023
James Dohnert
Limited prepayment activity it helping to prop up jumbo servicing portfolios.
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CRA Treatment of Ginnie Buyouts Under Scrutiny

June 8, 2023
Monica Hogan
There's some uncertainty on how revisions to Community Reinvestment Act standards will treat repurchases of delinquent loans pulled from Ginnie Mae pools.
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Servicers Raise Concerns About Planned VA Loss-Mit Program

June 7, 2023
Monica Hogan
The Mortgage Bankers Association and the Housing Policy Council asked the Department of Veterans Affairs to carefully consider the specifics of a new loss-mitigation program.
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Subservicing Growth Stalls in 1Q23

June 5, 2023
Paul Muolo
A handful of mid-sized players are in the process of being sold...
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Short Takes: State Farm Exits California / MSR Deals From Phoenix / MISMO Reference Model / FHFA Joins Disaster Mitigation Group

June 1, 2023
Sam Manas and Paul Muolo
State Farm has a 20% share of the homeowners market in the Golden State...
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