The top five subservicers that are depositories had a combined unpaid principal balance of more than $1.8 trillion at the end of Q4 2023.
Active listings fell in July on an annual basis, while median home prices also showed signs of a downward trend, according to new data from Realtor.com.
Mortgage companies are working to forge links with homeowners’ insurers to avoid delays that could compound damage to customer service and properties.
The tax delinquency rate hit a seven-year high last year with residents of some states seeing amounts owed increasing by more than 50% since 2019.
The correspondent giant, whose earnings have trended positively in recent quarters despite market headwinds, has made several debt moves this year.
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In remarks at a Mortgage Bankers Association conference, the trade group's CEO also acknowledged the need for some guardrails to remain in place.
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The size of typical bulk MSR deals trading has shrunk, according to panelists at the Mortgage Bankers Association's Secondary and Capital Markets Conference.
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An explicit guarantee for Fannie Mae and Freddie Mac could cause the risk weighting of agency MBS to decline, in turn freeing up banks' balance sheets.
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The funding round will help Button Finance, which leverages AI to underwrite home equity financing, expand its range of products to more borrowers.
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Starting with the client for life concept, executives from Rocket and CMG Financial described what is happening at their nonbanks to achieve future success.
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As the Federal Deposit Insurance Corp.'s Deposit Insurance Fund inches toward replenishment, acting Chair Travis Hill suggested that banks should be assessed on a range of metrics rather than insured deposits alone.
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For those who do use social media, they have to decide where they are going to get the best return on their efforts.
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I was pleased to hear from many readers who read my column last week about trying to reboot their businesses in the midst of rapid market change.
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Regulators have begun a push to significantly limit, and in some cases completely eliminate, the use of automated valuation tools in property valuation efforts.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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ON-DEMAND VIDEOWith the government reopened and data flowing, the FOMC may cut rates again in Dec. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the mee
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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