Among the top 50 players in mortgage servicing, nonbanks saw their portfolios grow 5.7% from the third to the fourth quarter. Depositories posted a 2.9% decline. (Includes two data charts.)
Read More
The NCUA board in December voted 2-1 to allow federal credit unions to acquire MSRs from other FCUs. The lone dissenting vote came from Todd Harper, who was just appointed NCUA chairman.
Read More
With Wells Fargo being less aggressive these days, mortgage competitors feel emboldened to make offers to its best and brightest. A temporary situation?
Read More
Close to 25% of mortgages in forbearance plans will hit the end of their relief period in March, with more expirations in April and beyond. Problem: Many of the borrowers in forbearance are delinquent.
Read More
Is the business of servicing residential loans in need of a mortgage technology shake-up? Should Black Knight and Fiserv be worried? Meet Valon.
Read More
HUD issued a final rule on the much-debated disparate-impact theory in September. A month later, a federal court ordered a preliminary injunction blocking its implementation.
Read More
State attorneys general said the proposed settlement is a step backward because it not only allows PHH to continue charging an “illegal” processing fee but increase it as well.
Read More