J-T Gaietto, chief operating officer at ConvergentDS, a firm that helps assess cyber risks, said obtaining cybersecurity insurance “isn’t the easiest thing to accomplish.”

Home prices are slowing and an expected decline in interest rates could prompt further changes in the trajectory of home prices.

The Mortgage Bankers Association quarterly performance report found similar, though somewhat bleaker, results.

Total 1-4 family mortgage servicing outstanding hit a record $14.027 trillion at the end of March. Nonbanks handled 50.2% of the total, compared to 49.6% as of the end of 2023.

The Fed’s actions Wednesday didn’t change the MBA’s forecast for mortgage rates.

Panelists spoke Tuesday at an event hosted by the Bipartisan Policy Center.

SPS, which has been servicing residential loans since 1989, handles a portfolio of about $180 billion, largely of loans in non-agency mortgage-backed securities.

Morgan Stanley and Chase are marketing prime non-agency MBS with loans eligible for sale to the GSEs.

Available home equity looks likely to suppress mortgage delinquencies.

“The Biden administration is committed to fostering innovation in the financial sector while ensuring that we protect consumers, investors, and our financial system from risks that new technologies pose,” said Nellie Liang, under secretary for domestic finance at the Treasury.