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Home » Topics » IMFnews » Servicing

Servicing
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Ginnie’s Assets, Liabilities Jump With RMF Takeover

December 20, 2023
Monica Hogan
Total Ginnie assets stood at $60.2 billion as of the end of September, up from $39.5 billion a year earlier. And liabilities increased from $9.7 billion to $29.4 billion.
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Short Takes: Applications Slow / loanDepot’s New Line of Credit / Another Loss on Old MBS / Stellar Innovations / Correction

December 20, 2023
Brandon Ivey and Paul Muolo
Loan applications declined even as interest rates came down further.
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Flexibility Key as CFPB Revises Loss-Mitigation Standards

December 19, 2023
Sam Manas
The CFPB is in the process of revising its mortgage servicing standards under Regulation X, and expects to float a proposed rule in March.
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Short Takes: Slow Recovery Expected / Mild Recession? / Home Price Appreciation Slows / New Expanded-Credit MBS

December 19, 2023
Brandon Ivey
Fannie Mae expects a slow pace of recovery from previously recessionary levels of housing activity.
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Mr. Cooper Says Cyber Attack More Costly Than Originally Thought

December 18, 2023
Paul Muolo
Among residential loan processors, Mr. Cooper ranks sixth in terms of MSR ownership with $528 billion...
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Agency Servicing Volume Tops $9.0 Trillion in Third Quarter

December 15, 2023
John Bancroft
Ginnie continued to set the pace as its single-family servicing grew by 2.4% in the third quarter.
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Federal Regulators Reiterate Concerns About Nonbanks

December 15, 2023
Brandon Ivey
The Financial Stability Oversight Council pointed to systemic issues if nonbank servicers fail.
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Short Takes: Bipartisan Support on Trigger Leads / Quantifying the Refi Opportunity / New Expanded-Credit MBS / Thrive to Merge With Lower

December 15, 2023
Brandon Ivey and John Bancroft
S. 3502, the Homebuyers Privacy Protection Act, received prompt support from a number of industry trade groups.
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Subservicing Volume Down Slightly in Third Quarter

December 14, 2023
Paul Muolo
The sector is shrinking thanks, in part, to the origination downturn and meager gains in mortgage debt outstanding.
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Lenders Counting Down the Days to Rate Cuts

December 14, 2023
Brandon Ivey
After the Fed held rates steady Wednesday, uncertainty regarding the path of future rate movements appeared to clear.
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