Overall nonprime mortgage servicing portfolios remained steady in the second quarter despite some sizeable increases at some servicers. (Includes data table.)
Chase remained the top servicer of jumbo loans in the first quarter, according to a new ranking and analysis by Inside Nonconforming Markets. (Includes data table.)
Select Portfolio Servicing added more servicing volume from non-agency MBS than Shellpoint Mortgage Servicing in the second quarter. (Includes data table.)
Select Portfolio Servicing continued its reign as the top nonprime mortgage servicer with an estimated $162.0 billion portfolio as of the end of March.
Despite slight declines in portfolios among the top jumbo servicers, servicing volume for the jumbo market stayed relatively flat from the fourth to the first quarter. (Includes data table.)
Shellpoint Mortgage Servicing was the top servicer of mortgages backing non-agency MBS issued during the first quarter. Select Portfolio Servicing followed closely behind. (Includes data table.)
A recent appeals court decision against an out-of-state lender may prevent future loan modifications in California for loans with interest rates above 10%.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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