The supply of single-family mortgage debt outstanding grew just 4.3% last year, but Freddie and Fannie saw a hefty 13.3% gain from the end of 2019. (Includes two data charts.)
It stands to reason that rising rates would fuel servicing valuations. Some brokers expect a strong second quarter in sales, with the third quarter even better.
At a Senate committee hearing this week, consumer advocates called for stronger enforcement, industry representatives picked on the CFPB and Republicans and Democrats pushed different priorities.
Plush with record earnings, loanDepot is building an inhouse servicing system, which means its current vendor, eventually, will lose business. Meanwhile, is GSE reform a possibility once again?
Even though proposed state capital requirements and other standards are deeply unpopular among nonbank mortgage servicers, the CSBS said it will move ahead with its plans.
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