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Home » Topics » IMFnews » Servicing

Servicing
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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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Mortgage Income at Nonbanks Choppy in First Quarter

May 31, 2023
John Bancroft
Half of the 16 public nonbanks posted losses in the first quarter.
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UBS Receives Multiple Bids for Servicing Handled by SPS

May 31, 2023
Paul Muolo
The Utah-based specialty servicer became the property of UBS during the recent bank liquidity crisis.
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OneMain Paying NY $4.25 Million for Security Failures

May 30, 2023
Sam Manas
The New York Department of Financial Services said OneMain failed to effectively manage user access privileges, improperly managed security policies for software development and failed to conduct due diligence for certain third-party vendors.
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Short Takes: Slow Progress at States on Nonbank Standards / Home Prices Essentially Flat / Ginnie to Expand MBS Disclosures / Arvest Loses Servicer Rating

May 30, 2023
Brandon Ivey
Minnesota becomes the fifth state to adopt the CSBS's model framework for nonbank prudential standards...
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