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Home » Topics » IMFnews » Servicing

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Short Takes: Chopra Concerned About CFPB’s Future / MSRs for Sale / AI Summit / PacWest’s CRT Upgraded

September 12, 2023
Brandon Ivey and Paul Muolo
Uncertainty for the CFPB and the mortgage industry ahead of a Supreme Court case...
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VA Won’t Re-Open Formal Comment Process on Servicing Effort

September 11, 2023
Monica Hogan
The VA said the program was being developed within its existing regulatory authority, which means the Administrative Procedures Act would not apply.
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Banks Increase Mortgage Income in Second Quarter

September 7, 2023
Namrata Bhatia
Commercial banks and savings institutions generated $2.00 billion in mortgage-banking income in the second quarter, up 8.7% from the prior period.
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Servicing Earnings Jump in Second Quarter

September 5, 2023
John Bancroft
Among a group of public mortgage companies income from servicing soared from $397.5 million in the first quarter to $1.87 billion in the second.
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Chase Becomes Top Jumbo Servicer in Second Quarter

August 31, 2023
James Dohnert
Chase tops the competition in the jumbo servicers market in the second quarter of 2023.
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In Late August, A Smattering of MSR Deals…

August 30, 2023
Paul Muolo
Rumors are circulating that Wells Fargo may be ready to peel off and sell another chunk of its MSR assets...
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Short Takes: ARMs Anyone? / Waiting on a 3% Refi Wave / Non-Solicit Agreements? / AmeriFirst Files for Restructuring / Another Former CoreLogic Vet Lands

August 28, 2023
Paul Muolo
Among AmeriFirst's creditors: Wells Fargo, U.S. Bank and Lakeview...
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Regions Bank Settles Flood Insurance Violations With Fed

August 23, 2023
Sam Manas
Birmingham, AL-based Regions Bank will pay the Federal Reserve $2.95 million for violating the regulation implementing the National Flood Insurance Act.
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Delinquencies Up at Large Servicers in Second Quarter

August 22, 2023
Brandon Ivey
The total delinquency rate for a group of 30 large servicers hit 3.16% at the end of June, up from 2.99% at the end of March.
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Short Takes: Few Loans in Forbearance / AI Chatbots in Servicing / S&P Downgrades 5 Regional Banks

August 22, 2023
Brandon Ivey
Some 195,000 mortgages were in forbearance as of the end of July, according to the Mortgage Bankers Association.
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