FDIC-insured banks saw their MSR portfolios shrink 1.0% during the third quarter as their valuations remained broadly unchanged. Chase continued to be the top depository in terms of servicing for others. (Includes data table.)

Pennymac asked the Financial Accounting Standards Board to clarify accounting practices involving mortgage servicing rights and recapture assumptions. The effort has support from some major MSR buyers who are looking for a level playing field.

More large aggregators adopted eNotes this year, pushing up the share of closings completed digitally.

Carrington Mortgage and Rate launched new tools to reach borrowers with limited English proficiency.

After originating HELOCs on its own as a proof-of-concept, Figure Technology Solutions is now largely facilitating originations and loan sales for others, charging fees along the way. The company generated $89.8 million of net income in the third quarter.

The share of renter households whose rent payment history has been reported to at least one credit bureau grew from 3% to 13% in four years.

Although most of the large banks reported substantial increases in mortgage-banking income, many mid-size institutions struggled in the third quarter. (Includes data table.)

Agency securitizations rose slightly in the third quarter thanks to increased deliveries of retail loans. Credit quality improved very slightly. (Includes two data tables.)

AI and self-service options are increasingly being used to help servicers communicate with younger homeowners.

The trade group said the bureau’s open banking rule is a productive step toward encouraging a consumer-authorized data-sharing system.