Mortgage-banking income at banks and thrifts increased by 35.7% in the first quarter of 2023 compared with the previous quarter.

Prior to the ruling, lenders and mortgage servicers would often advance the amounts homeowners owed to the government in order to prevent the foreclosure sale and resulting release of their lien.

The Consumer Financial Protection Bureau director said a Supreme Court ruling against his agency would "create major uncertainty in our mortgage markets."

Operating income from servicing is stable; fluctuations in MSR valuations account for most of the ups and downs in the sector.

Roughly $1.6 billion in advances were attached to the portfolio.

Foreclosure filings increased in May.

Limited prepayment activity it helping to prop up jumbo servicing portfolios.

There's some uncertainty on how revisions to Community Reinvestment Act standards will treat repurchases of delinquent loans pulled from Ginnie Mae pools.

The Mortgage Bankers Association and the Housing Policy Council asked the Department of Veterans Affairs to carefully consider the specifics of a new loss-mitigation program.

A handful of mid-sized players are in the process of being sold...