Servicers have cited investments in technology to better track when a borrower might refinance, and investments in call center operations to complete the refis.

The economy is looking somewhat stronger than expected, based on data released Thursday.

Among 26 public commercial banks, 17 took losses on their mortgage business in the second quarter.

Select Portfolio Servicing handled servicing on mortgages with an unpaid principal balance of $166.70 billion as of the end of June, according to estimates by Inside Mortgage Finance.

Skyward Specialty Insurance Group launched a mortgage reinsurance business.

Cenlar is still the nation’s largest subservicer by a considerable margin...

The nonbank’s origination unit took a $3.1 million loss in the second quarter after a $24.2 million loss the previous quarter.

Blend Labs took a $19.4 million loss in the second quarter.

Some $63.39 billion of MSR on Ginnie MBS were transferred in the second quarter of 2024, up from $24.22 billion in the prior period.

Ready Capital sold the MSRs as part of an effort to exit investments in the residential market to put a greater emphasis on commercial loans.