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Home » Topics » IMFnews » Servicing

Servicing
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MSR Markdown Prompts Another Loss for United Wholesale

May 10, 2023
Brandon Ivey
Margins jumped but MSR markdowns overwhelmed UWM's income in the first quarter.
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loanDepot Books Loss in First Quarter, Margins Improve

May 10, 2023
Paul Muolo
Originations declined, margins improved, but a loss was still in the cards for the first quarter.
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Short Takes: Applications Increase / Blend Gaining Market Share / Cenlar’s Information Factory / Sagent in India

May 10, 2023
Brandon Ivey
As interest rates declined, applications increased...
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Chase to Surpass Wells as Largest Servicer

May 9, 2023
John Bancroft
Wells is shrinking its servicing portfolio while Chase is growing.
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Short Takes: Housing Confidence Improving / Not Much to Buy / Banks Tighten Up / MSRs for Sale

May 9, 2023
Brandon Ivey and Paul Muolo
Survey says: An increased number of respondents think mortgage rates will go down over the next year...
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M&A: Computershare Pondering Its Options in Mortgages?

May 8, 2023
Paul Muolo
Computershare said, “Low origination and refinancing volumes, along with the timing of MSR capital recycling trades, affected results."
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Large Firms Gain GSE Servicing Share, Led by Chase

May 5, 2023
Dennis Hollier
The big servicers got a little bigger and Chase overtook Wells as the largest GSE servicer in the first quarter.
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Rocket Takes Another Loss in First Quarter

May 5, 2023
Brandon Ivey
Margins improved while originations declined.
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Lack of Clarity on Debt Ceiling a Concern for Lenders

May 5, 2023
Monica Hogan
The longer it takes Congress to react after a debt default, the bigger the impact will be, according to Cristian deRitis, deputy chief economist at Moody’s Analytics.
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Delinquencies on Agency Loans Down in First Quarter

May 4, 2023
Namrata Bhatia
Improvements in loan performance were seen across Fannie Mae, Freddie Mac and Ginnie Mae.
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