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Home » Topics » IMFnews » Servicing

Servicing
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Short Takes: Mortgage Demand Grows / Many Borrowers Look Refi Ready / Outlook Improves for Provident Funding / Bulk MSR Offering / Non-QM MBS From Balbec, Morgan Stanley

September 18, 2024
Brandon Ivey
Loan applications are increasing as mortgage interest rates decline.
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Banks Add to First-Lien Holdings in Second Quarter

September 17, 2024
James Dohnert
Growth in first-lien holdings occurred outside of the top three banks, which all shrank their portfolios in the second quarter.
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Texas Bank Buys Mortgage ‘Shell’

September 16, 2024
Paul Muolo
Besides being an active home lender and originator, NexBank is the nation’s 13th largest warehouse provider.
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FHA Proposes Updates for Partial Claims

September 13, 2024
Monica Hogan
Among other changes, the draft ML proposes extending the required time, from five to 15 days, for servicers to record a partial claim security instrument.
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Short Takes: Affordability Tipping Point / Foreclosures Decline / Spanish Option From CrossCountry / 10,000 Applications in Spanish

September 12, 2024
Brandon Ivey
Buying a home is “roughly affordable again at the national level,” according to Zillow.
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Production Income Picks Up Some Slack in Second Quarter

September 11, 2024
John Bancroft
Income from mortgage production increased in the second quarter as servicing income declined.
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Trade Groups, Consumer Advocates Voice Concern Over CFPB Proposal on Language Access

September 10, 2024
Shannon Clark
A new requirement to extend language access for home borrowers within the CFPB's proposal to update Regulation X's mortgage servicing requirements will actually do the opposite, according to a joint comment letter submitted on the proposal.
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Nonprime Servicing Portfolios Grow Modestly in Second Quarter

September 5, 2024
James Dohnert
Among a group of 20 prominent nonprime servicers, portfolios increased by 0.6% in the second quarter.
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Short Takes: Non-QMs From The Loan Store in MBS / Inventory of Homes for Sale Increases / Freddie Selling NPLs

September 5, 2024
Brandon Ivey
The Loan Store acquired Homepoint Financial’s wholesale lending operations last year.
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Short Takes: MSR Values Decline / Retention Performance Falters / Rocket Taps Former CEO of Sagent / Home Improvement Securitization

September 4, 2024
Brandon Ivey
MSR values are coming down as interest rates decline.
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