In business for 40-plus years, FCI has stuck to its knitting of servicing delinquent and nonprime product. According to management, it’s secret sauce is focusing on state-of-the-art technology, including AI.

There are at least two Canadian banks actively soliciting nonbanks for warehouse lines of credit. The moves come with the hope that originations will improve in 2025.

The new year is underway but not all high-volume producers have signed contract renewals. Some headhunters are advising management not to drag their heels, lest they run the risk of losing their best asset.

The collateral entails Fannie Mae mortgage servicing rights owned by PennyMac...

Current CFPB Director Rohit Chopra is expected to be removed from his post on Jan. 20 when the new Trump White House begins...

Tad Dahlke of RAMS Capital noted that delinquencies “just aren’t going up much.”

Rithm Capital likely will explore a “listing of up to 20% of Newrez’s shares in 2025,” says KBW...

Western Alliance Bancorp, Phoenix, appears to be one of the largest lenders in the space.

A dead MSR sales market? Not quite. Phoenix Capital just wrapped up a $2.4 billion auction of Fannie Mae/Freddie Mac servicing rights.

If you like to bid on residential NPLs/RPLs, stand in line. There’s not a ton of product to choose from. And pricing is tight.