While banks’ servicing-for-others balance declined in the fourth quarter of 2024, the industry put a higher valuation on the asset. Top-ranked JPMorgan Chase and Wells Fargo continued to reduce their portfolios. (Includes data table.)

It might be said that Mr. Cooper has timed the servicing market perfectly. While other shops grow tired of the vicissitudes of interest rates and MSR marks, Mr. Cooper has pounced, gobbling up portfolios that have only grown in value as rates stay stubbornly high.

FICO 10 T has helped lenders approve more borrowers, according to a new report from the credit scoring firm.

Retaining servicing rights on production can provide originators a profit opportunity, if they are able to manage the business effectively.

Servicers said they believe the industry can do a better job of educating homeowners of natural disaster risks to their homes.

Servicing executives said enhanced data have helped homeowners avoid foreclosure and kept overall losses down for investors.

To increase already substantial market shares, nonbank mortgage companies are investing in proprietary technology for originations and servicing.

FCC one-to-one consent rule vacated; CFPB details cash-out refi usage; RiskSpan launches MSR analytics offering; AI tool helps with mortgage applications in Spanish.

Flagstar’s transfer of $73.9 billion of agency servicing rights accounted for over a third of the bulk MSR transfers in the fourth quarter. Coissuance volume was up slightly with higher agency MBS issuance. (Includes three data tables.)

The total delinquency rate on loans in agency MBS increased by 24 basis points during the fourth quarter. Delinquencies were up at FHA, VA and the GSEs. The rate is expected to rise modestly in 2025. (Includes data table.)