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Home » Topics » IMFnews » Servicing

Servicing
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Mortgage Earnings at Large Nonbanks Plummet in 4Q

March 12, 2024
John Bancroft
Earnings from mortgage banking declined by 60.2% among 14 publicly traded nonbanks in the fourth quarter.
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Regulators Plan to Alter Basel Proposal, Timing Unclear

March 7, 2024
Brandon Ivey
Federal Reserve Chairman Jerome Powell said major revisions to the proposed capital requirements for large banks are likely.
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Cash Infusion, New Leadership at NYCB

March 7, 2024
Brandon Ivey
New York Community Bancorp has its third CEO in less than two weeks.
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State Regulators Streamline Exam Standards for Nonbanks

March 6, 2024
Brandon Ivey
State agencies established a set of mortgage and exam programs through the State Examination System.
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MSR Owners Facing Pressure From Escrows, Interest Rates

March 5, 2024
Brandon Ivey
Mortgage borrowers' obligations for property taxes and insurance are rising and interest rates are projected to fall, a foreboding combination for MSR investors.
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Short Takes: New Cybersecurity Reporting Requirement / Biden Pressed on Affordable Housing / Non-QM Delinquencies Not Leading to Many Losses / New CRT From Fannie

March 5, 2024
Brandon Ivey
Effective immediately, Ginnie issuers must notify the agency of any cybersecurity incident within 48 hours after the issue is detected.
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VA Mortgage Assumptions Jump in 2023

March 4, 2024
Monica Hogan
VA processed 2,244 loan assumptions in 2023, compared with 308 in the previous year.
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Short Takes: Recapture Tip / Home Prices Overvalued / MSR Values Improve / AI Help on Guidelines

March 4, 2024
Brandon Ivey
Servicers retained only about 20% of borrowers that refinanced their mortgages during the fourth quarter of 2023.
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UWM Selling MSRs Rather Than Directly Hedging

February 29, 2024
Brandon Ivey
Rather than hedging MSRs, UWM relies on its origination capabilities and sells some MSRs.
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Banks Could See Preemption Win in Supreme Court Case

February 28, 2024
Shannon Clark
The Supreme Court heard oral arguments Tuesday on whether states can require banks to pay interest on funds held in servicing escrow accounts.
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Latest Imf News

  • Borrower Lock-In Easing With Passage of Time

  • Ginnie Issuance Climbs Slightly in January

  • Fannie Economists See Interest Rates Staying Higher for Longer

  • Income and MBS Portfolio Increase at Armour in Fourth Quarter

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  • Refi Lending Nearly Doubles in 4Q, Purchase Share Drops

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