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Home » Topics » IMFnews » Servicing

Servicing
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Up for Grabs: A $3.1B MSR Package, Dominated by California Product

February 20, 2024
Paul Muolo
The portfolio is top heavy in California product...
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House Republican Slams VA’s Loss-Mit Plan

February 16, 2024
Monica Hogan
“You’re not doing this program without my permission,” said Rep. Derrick Van Orden, R-WI.
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Short Takes: Government Servicing Effort at MISMO / Housing Activity Slows / How Do Escrows Work? / Ratings for RTL Securitization / Publishing Break

February 16, 2024
Brandon Ivey
FHA, VA, Ginnie Mae and USDA are working with MISMO on a new servicing dataset.
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Bank Income From Mortgage Operations Down in 4Q

February 15, 2024
John Bancroft
Among 27 publicly owned banks, 20 saw income fall in the fourth quarter, and five recorded losses for the period.
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Congress Ponders Risks From AI in Housing Market

February 15, 2024
Monica Hogan
Congress must examine AI carefully, to determine “whether AI is extending and reinforcing biases, and how it has the potential to correct them,” according to Sen. Tina Smith, D-MN.
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Short Takes: Applications Down Somewhat / Foreclosures Increase / Fitch Affirms Servicer Ratings at PHH / New CEO at Sagent

February 14, 2024
Brandon Ivey
Demand for both purchase mortgages and refinances declined as interest rates ticked up.
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Short Takes: NewRez Stands Out Among Servicers / CES Securitizations / MBA Warns on Rent Control / Multifamily Property Insurance Symposium

February 13, 2024
Brandon Ivey
NewRez received a "star" rating from Fannie Mae for general servicing, solution delivery and timeline management.
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Marlin Ready to Branch Out Into Ginnie Servicing

February 12, 2024
Paul Muolo
At yearend, Marlin owned roughly $43.87 billion in Fannie/Freddie MSRs...
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Cardinal, Others Test the MSR Sale Waters

February 12, 2024
Paul Muolo
Increasing prepayment speeds shouldn’t mar the servicing asset in the current quarter...
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Income Drops at Mr. Cooper in Fourth Quarter

February 9, 2024
Brandon Ivey
The nonbank is set to have a $1.1 trillion portfolio as of the end of March.
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