Foothill Ranch, CA-based loanDepot is in the process of overhauling its servicing operations. On the way out: subservicing vendors.

FHA is seeking feedback on a proposed section on servicing reviews within its defect taxonomy guidelines.

Freedom Mortgage grew its Ginnie servicing portfolio significantly by acquiring MSR in bulk and coissuance transactions during the third quarter. Despite a spike in short-term delinquencies, overall loan performance improved. (Includes four data charts.)

As part of FHA’s ongoing outreach to industry, Julienne Joseph, deputy assistant secretary for single-family housing, released a video answering servicers’ questions on COVID-19-related loss-mitigation options.

Key metrics reviewed in HUD’s single-family default monitoring system showed that residential servicers generally complied with HUD’s forbearance reporting requirements for FHA loans.

The Federal Agricultural Mortgage Corp. has acquired the servicing rights for all loans in its Farm & Ranch and USDA Guaranteed portfolios.

Freedom Mortgage and Lakeview Loan Servicing were the top players in acquiring Ginnie servicing rights in the MSR transfer market during the second quarter. (Includes four data charts.)

The industry has mixed views on the new capital proposals from Ginnie Mae. But one thing is clear: The standards only apply to nonbanks.

FHA should offer borrowers a flexible loan-modification option that would use a portion of a servicer’s partial claim amount to reduce a borrower’s monthly payment, dollar for dollar, according to analysts at UI.

According to Ted Tozer, former Ginnie Mae president, the industry was warned ahead of time by the government guarantor of plans to tighten financial requirements for single-family MBS issuers.