The Ocwen subsidiary will purchase MSRs through the FHLBank of Indianapolis’ mortgage purchase program. PHH will also offer subservicing to banks and nonbank lenders that are members of the bank.

FHFA and Treasury haven’t discussed how to make the 2021 changes to the PSPAs permanent or whether to ease the capital requirements for the GSEs.

Industry groups take sides in debate over FHFA’s treatment of nonbank servicers.

Freddie disclosed that prepayments on mortgages in 50,000 pools were sometimes not passed through to bondholders.

Megabanks topped the list of GSE servicers in the first quarter of 2022, but they continued to lose market share to nonbank servicers. (Includes two data charts.)

Early comments suggest widespread concern that the proposed increases in liquidity and capital requirements for GSE seller/servicers are unnecessary and maybe counterproductive.

Servicers will suspend foreclosure proceedings up to 60 days to allow homeowners to apply for financial aid from the assistance fund.

Following a joint warning from the FBI and the CISA, Freddie Mac reminded its seller/servicers about their role in preventing cyberattacks.

The new requirements would distinguish between large and small servicers and whether that servicing covers GSE loans or Ginnie Mae loans.

Many of the largest mortgage servicing companies were left off the podium in the annual awards programs of Fannie and Freddie.