NCLC attorneys claim the bulk sale of seasoned loans allows buyers to circumvent the GSEs’ loss-mitigation programs. That adds up to more borrowers unable to stay in their home.

The nonbank share of GSE servicing peaked early in 2022. Later in the year, large banks regained some share. (Includes two data charts.)

Former MBA President David Stevens believes the idea that the GSEs should assess the MSR valuations of their seller/servicers may have come from Fannie and Freddie themselves.

The state of Florida is setting up a reinsurance fund to stabilize a property insurance system plagued with disaster-related insolvencies and years of underwriting losses.

Heavy buying and selling in the secondary servicing market played a significant role in the third quarter ranking of GSE servicers. Chase continued to climb closer to the top rung.

Freddie is working to move servicers to the new Resolve system while Fannie set new standards for use of mortgage assistance funds.

Beginning in March 2023, GSE servicers will have to retain fair lending data. FHFA set the requirement, citing lessons learned during the pandemic.

Mortgage fraud has gone beyond borrowers simply falsifying income and employment information.

The gap in GSE servicing volume between Chase Home Finance and Wells Fargo continued to narrow in the second quarter of 2022. (Includes two data charts.)

The number of loans in Fannie and Freddie portfolios that are less than two years delinquent nearly tripled in 2021, courtesy of COVID.