The average estimated guarantee fee on Freddie’s new single-family business in the third quarter was 57 basis points, up 3 bps from the second quarter.
Beginning Dec. 9, servicers must use Freddie’s Resolve default management tool to complete the following actions: charge-offs, foreclosure sale reporting, custom modifications, deed-in-lieu of foreclosure and third-party foreclosure sale settlements.
Previous industry changes — the Uniform Mortgage Data Program, the single security initiative and the transition away from the London Interbank Offered Rate — took longer than expected to put into place and caught some stakeholders flat-footed.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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