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Home » Topics » IMFnews » Servicing

Servicing
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States Settle Mortgage Payment Fiasco With ACI

October 18, 2023
Sam Manas
ACI Payments erroneously charged payments on the accounts of 480,000 mortgage holders serviced by Mr. Cooper.
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Short Takes: CRA Rule Coming Tuesday / Applications Down / Trends in Non-QM Delinquencies / Closed-End Second Securitization

October 18, 2023
Brandon Ivey
Banking regulators plan to release a final rule Oct. 24 with revisions to standards under the Community Reinvestment Act.
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MSR Sales Increase Amid Consolidation

October 17, 2023
John Bancroft
The third quarter of 2023 ranked as the busiest market for MSR sales since the second quarter of last year, when $327.82 billion of MSR transfers closed.
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Short Takes: FHFA Plans Property Insurance Symposium / Forbearance Activity Dwindles / Record Futures Trading / More Jumbo MBS

October 17, 2023
Brandon Ivey
FHFA's symposium will focus on solutions for rising property insurance premiums.
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Chase, Wells Originations Down Slightly in Third Quarter

October 13, 2023
James Dohnert
Chase and Wells Fargo reported a slight dip in overall mortgage originations in the third quarter of this year.
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Lakeview Tops Agency Servicers in Third Quarter

October 13, 2023
John Bancroft
Growth at Lakeview and Chase Home Finance finally toppled Wells Fargo as the largest agency servicer.
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Short Takes: Ginnie Loosens RPL Standards / Foreclosure Filings Rise / New Correspondent Lender / Fitch Upgrades Assessment of New American Funding

October 12, 2023
Brandon Ivey
Ginnie is offering flexibility for pooling reperforming loans in MBS.
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NPL Sales by GSEs Drop in 2022

October 11, 2023
Dennis Hollier
NPL sales by the GSEs declined by 66% on an annual basis in 2022.
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Top-20 Servicer a Potential M&A Target

October 11, 2023
Paul Muolo
“When the yield on the 10-year [Treasury] goes up more than 50 basis points in less than a month, something is going to get broken,” one consultant noted.
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Servicers Support FHA’s Face-to-Face Proposed Changes

October 10, 2023
Monica Hogan
The comment period closed last week on a July proposal from HUD.
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