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Home » Topics » IMFnews » Servicing

Servicing
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Servicing Values Take a Hit in 3Q

October 28, 2024
Paul Muolo
One advisor, requesting anonymity, said he had a couple of clients who took “double-digit” markdowns.
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PrimeLending Takes Loss in 3Q, Originations Decline

October 25, 2024
Brandon Ivey
PrimeLending took an $8.7 million loss in the third quarter, with originations declining compared with the second quarter and a reduction in margins.
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FHA Issues Draft Mortgagee Letters on Foreclosures, Underwriters

October 25, 2024
Monica Hogan
One addresses foreclosures in states with a nonjudicial foreclosure process and the other would modify requirements for direct endorsement underwriters.
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Servicing Issues Increase in Mortgage Complaints to CFPB

October 24, 2024
Shannon Clark
Mortgage-related complaints submitted to the CFPB were up 2.7% from the second quarter, driven by servicing issues.
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Annaly Returns to Profitability in Third Quarter

October 24, 2024
Brandon Ivey
Annaly says it increased its holdings of agency MBS with higher coupons during the third quarter.
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Short Takes: Mr. Cooper Growing and Shrinking / State Regulators Urge Mortgage Industry to Log In / Home Sales ‘Stuck’ / Expanded-Credit MBS From A&D

October 24, 2024
Brandon Ivey
Mr. Cooper group has reduced its servicing staff and is adding to its originations unit.
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Strong 3Q Originations From PFSI... But MSRs Values Nicked

October 23, 2024
Paul Muolo
PennyMac funded $31.7 billion of residential loans during the July-September corridor, a handsome 17% improvement...
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Short Takes: FHFA Proposes Changes to FHLBanks Board Structure / Justice Department Sues Rocket / Redwood Preps Jumbo ARM Securitization / LoanCare Launches New Refi Recapture Program

October 22, 2024
James Dohnert and Dennis Hollier
FHFA plans for board structure changes; Justice Department sues Rocket over refi discrimination; Redwood markets jumbo ARM securitization; LoanCare launches digital recapture product.
Read More

Servicing Transfers (Sales) Continued to Slow in 3Q24

October 21, 2024
John Bancroft
One busy seller of mortgage servicing rights was CMG Mortgage of San Ramon, CA...
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There Goes the Mini Refi Boom?

October 21, 2024
Paul Muolo
Sales of MSRs have been slow, but some owners of MSRs could decide to unload a portion of their holdings...
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