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Home » Topics » IMFnews » Servicing

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Short Takes: 14 Million Refis / MSRs for Sale / New CRT From Freddie / Forbearance Dwindles

May 16, 2023
Brandon Ivey and Paul Muolo
About one-third of total mortgage debt outstanding refinanced during the pandemic when interest rates were exceptionally low...
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Colonial Ponders Selling MSRs as Bank Exodus Continues

May 11, 2023
Paul Muolo
More banks are considering leaving the residential lending/servicing sector or scaling back. Will these decisions, made during tough times, come back to haunt them?
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A Long Shot of Sorts: Rithm Spinning Off Its Mortgage Company

May 11, 2023
Paul Muolo
Mortgage REIT Rithm wants to unlock the market value of its mortgage banking franchise by spinning off the unit into its own publicly traded company. A serious idea or a ploy to juice the share price of the parent?
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Mr. Cooper to Acquire Home Point and its MSRs

May 11, 2023
Paul Muolo
The acquisition will make Mr. Cooper the seventh-largest mortgage servicer.
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Short Takes: What a U.S. Default Would Do to Interest Rates / Foreclosures Slow / ‘Silly Reporters’ / GAAP Would Like a Word

May 11, 2023
Brandon Ivey
The mortgage industry fallout if Congress and the White House fail to raise the debt ceiling: Zillow predicts 8.40% interest rates on 30Y FRMs.
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MSR Markdown Prompts Another Loss for United Wholesale

May 10, 2023
Brandon Ivey
Margins jumped but MSR markdowns overwhelmed UWM's income in the first quarter.
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loanDepot Books Loss in First Quarter, Margins Improve

May 10, 2023
Paul Muolo
Originations declined, margins improved, but a loss was still in the cards for the first quarter.
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Short Takes: Applications Increase / Blend Gaining Market Share / Cenlar’s Information Factory / Sagent in India

May 10, 2023
Brandon Ivey
As interest rates declined, applications increased...
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Chase to Surpass Wells as Largest Servicer

May 9, 2023
John Bancroft
Wells is shrinking its servicing portfolio while Chase is growing.
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Short Takes: Housing Confidence Improving / Not Much to Buy / Banks Tighten Up / MSRs for Sale

May 9, 2023
Brandon Ivey and Paul Muolo
Survey says: An increased number of respondents think mortgage rates will go down over the next year...
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