Wells has transitioned its tax-service functions to a third-party vendor.

Mr. Cooper's servicing portfolio will hit an unpaid principal balance of $1.56 trillion following its acquisition of servicing from Flagstar Bank.

Mr. Cooper will pay $1.4 billion for Flagstar Bank's servicing portfolio and third-party originations platform.

Pre-tax income in the servicing segment hit $354 million in the second quarter, including a mark-to-market gain of $68 million.

“Improvements in problem resolution and satisfaction with digital channels are the primary drivers of this year’s higher scores,” J.D. Power said of servicer satisfaction.

PennyMac's board boosted the second-quarter dividend 50% to 30 cents a share.

Some proposals that were planned for the spring or summer are now not expected until December.

The forbearance level only increased by 2 basis points from May, but it was the first increase in forbearance since October 2022.

The last time FHA loan delinquencies were this high? The fourth quarter of last year. Before that, you'd have to go back to 2Q20...

The bank share of agency servicing fell to 34.5% as of the end of June.