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Home » Topics » IMFnews » Servicing

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UWM Reports Origination, Earnings Decline for 1Q; Says It Can Be No. 1

May 10, 2021
Paul Muolo

Despite the strong earnings, UWM's share price fell to a new low. The company went public earlier this year...


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Income and Originations Decline at PennyMac in First Quarter

May 7, 2021
Brandon Ivey

PennyMac's income fell by 17% on a sequential basis in the first quarter, originations declined by 3.5% while the nonbank's servicing portfolio grew by 5.2%.


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The M&A Train Has Arrived. How Far Will It Go?

May 7, 2021
Paul Muolo

Among those looking to buy: private-equity firms...


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A Sharp (and Welcome) Decline in Ginnie Delinquencies

May 7, 2021
John Bancroft

Late payment rates peaked in June at 11.82% as borrowers struggled with the impact of the pandemic on economic activity.


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Slow Growth in the Servicing Arena, Wells Stills Leads the Pack

May 6, 2021
John Bancroft

Wells Fargo once again ranked first, followed by Cenlar, JPMorgan Chase, Mr. Cooper and Quicken Loans...


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New Residential’s Income Jumps in 1Q, Aided by MSR Marks

May 5, 2021
Brandon Ivey

In early April, New Residential agreed to buy competitor Caliber Home Loans for roughly $1.68 billion.


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CFPB: Minorities Slammed by Forbearance

May 4, 2021
Lisa Burden

Mortgage complaints mentioning forbearance have reached their highest monthly average since March and April 2020...


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PennyMac Inks Deal to Finance Fannie MSRs

May 4, 2021
Paul Muolo

With interest rates rising for much of the year, the asset value of servicing rights has become a more secured asset to lend against.


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Banks Report Slightly Higher Mortgage Income for 1Q21

May 4, 2021
John Bancroft

A diverse group of 21 commercial banks and savings institutions reported $3.75 billion of mortgage-banking income for 1Q21, a 1.7% improvement from the fourth quarter.


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Fannie and Freddie Granted Two Years to Design ‘Living Wills’

May 3, 2021
Paul Muolo

Mark Calabria: "Just like other large financial institutions, these plans will provide Fannie Mae, Freddie Mac and FHFA with a roadmap for preserving business continuity should they fail again."


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