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Home » Topics » IMFnews » Servicing

Servicing
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Homestar Undecided on Fate of ‘Other’ Assets

October 30, 2023
Paul Muolo
In 2022, Homestar originated $2.5 billion in residential loans...
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Short Takes: Better’s Insurance Play / No Coverage / The Benefits of Subservicing? / The Largest User / Wells’ Vice Chair Departs

October 30, 2023
Paul Muolo
The pros and cons of subservicing? It all depends...
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PennyMac Turns Profits on Originations, Servicing in 3Q

October 27, 2023
Brandon Ivey
Net income at PennyMac Financial Services increased in the third quarter thanks to the nonbank's servicing portfolio.
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FHA Working to Help on Housing Affordability

October 27, 2023
Monica Hogan
Priorities at FHA include facilitating loan assumptions and originations of small-balance mortgages.
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Rithm Stays Profitable in Third Quarter

October 26, 2023
James Dohnert
Rithm Capital posts a profit in the third quarter as it prepares for the acquisition of Specialized Loan Servicing early next year.
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Originations and Margins Increase at Flagstar

October 26, 2023
Brandon Ivey
Originations increased by 12% at Flagstar in the third quarter.
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Short Takes: Mortgage Applications Down / Mr. Cooper Earnings Up in 3Q / Homebuyers Increasingly Looking to Move Out of State / Finance of America Expands Rollout of HomeSafe Second Program / ICE Report Correction

October 25, 2023
Brandon Ivey and James Dohnert
Mr. Cooper net income up in 3Q23; MBA reports mortgage applications down week-over-week; Redfin reports more homebuyers are moving out of state; Finance of America expands new reverse mortgage program to direct-to-consumer and wholesale channel.
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FCI Taps Private Blockchain for Servicing

October 24, 2023
James Dohnert
FCI Fintech developed a patent-pending interplanetary file system that allows the private blockchain to be live with the servicing program.
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Short Takes: More Bulk Auctions for MSRs / AGNC Reports Preliminary Third Quarter Estimates / Delinquency Rate on the Rise / Home Seller Profit Margins Increase

October 24, 2023
James Dohnert
More bulk auctions of mortgage servicing rights are on the horizon; Real estate investment trust AGNC reports preliminary estimates for the third quarter of 2023; ICE reports that foreclosures increased in September; Attom finds home seller profit margins rose in 3Q.
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Small but Steady Growth for GNMA Servicing, but Delinquencies Rise

October 23, 2023
Monica Hogan
The bad news: FHA delinquencies jumped to 8.76%...
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