It was originally thought that publicity generated by the consent order would cause at least some of Cenlar’s subservicing clients to switch vendors. But so far, that hasn’t happened.

The senators said VA should pause foreclosures for borrowers who will likely qualify for the Veterans Assistance Servicing Purchase program.

A turnaround is unlikely until the second quarter of 2024, according to Marina Walsh, a vice president of industry analysis at the MBA.

Lenders hurting for cash are expected to sell off MSRs and there are numerous buyers for the product.

Shellpoint topped the ranking for the fourth consecutive quarter....

UWM transferred $14.7 billion of servicing rights in the third quarter.

The nonbank is working on another round of cost-cutting measures.

Ocwen management estimates its book value is $58.00 per share.

Demand for mortgages from banks declined in the third quarter and many banks further tightened underwriting.