The lender’s new Loan Lift program tracks data such as rent payments and peer-to-peer payment app transactions for mortgage underwriting.

NYCB scales back with sale of Flagstar’s mortgage operations; Cornerstone Bank makes leadership hires; MISMO working group on AVMs; AI updates.

Some MSR buyers would rather focus on acquiring volume and leave the servicing duties to someone else. Subservicers are happy to provide the service, touting cost savings and innovations.

The volume of mortgages banks service for other entities declined by 2.0% during the first quarter of 2024. Regions Bank was the only depository among the top 10 to increase its servicing. (Includes data table.)

PennyMac booked a weak increase in servicing income due to a large loss tied to hedges for MSRs; First American’s CEO doesn’t expect the CFPB’s effort on lender’s title insurance to change much.

A substantial slowdown in bulk sales of Fannie/Freddie servicing led to the lowest secondary market volume for agency MSRs since the third quarter of 2020. (Includes three data tables.)

Delinquency rates were down for all three government agencies and in every late payment category during the early months of 2024. (Includes data table.)

Plano, TX-based nonbank NFTN recently failed and its servicing transferred to Ginnie Mae.

Flexible nonbanks weathering the storm; layoffs continue at mortgage companies; tepid demand for mortgages on new homes; best execution analysis; Rocket preps AI offering; Equifax boosts mortgage-related revenue.

Two large nonbank retail lenders took losses in the fourth quarter, with officials stressing that better days are ahead. Guild is growing through M&A while loanDepot is reducing its staffing.