Four companies among the top 10 primary servicers upped their portfolios by double digits on a percentage basis in 2024 — all nonbanks. (Includes three data tables.)

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

The new policies were established days before the end of the Biden administration and won’t take effect until February 2026. The policies won praise from industry trade groups.

Mortgage-related complaints submitted by consumers to the CFPB last year were the lowest since the bureau opened its door more than a decade ago. (Includes two data tables.)

Economic uncertainty will require mortgage companies to be more flexible in how they scale their operations.

Rick Jones, a longtime industry lawyer, wants commercial MBS participants to strike a grand bargain, including changes to servicing practices and moves to increase demand from investors.

Western Alliance Bancorp, Phoenix, appears to be one of the largest lenders in the space.

Shellpoint handled servicing on 32.3% of the non-agency MBS issued during the third quarter. (Includes data table.)

Servicing outstanding on 1-4 family mortgages increased by an estimated 0.8% during the third quarter. Ginnie servicing grew at more than twice that pace, fueled by refinance originations. (Includes two data tables.)

The total amount of nonprime servicing handled by a group of 20 specialists continued its upward trend, unbroken since 2020. (Includes data table.)