The top five residential servicers in this list have a combined unpaid principal balance of more than $1.8 trillion at the end of the first quarter of 2023. Many servicers saw a small decrease between Q4 and Q1, but one saw a significant increase of 89.20%.
The data in this ranking came from National Mortgage News'
Scroll through to see which residential servicers are in the top 20 and how they fared in Q1.
New notices pointed out how large learning models could lead real estate businesses to unintentionally violate the Fair Housing Act in a marketing campaign.
The industry hasn't been sure how much of a lift they'd get this spring but a broader slowdown in hiring may help to lower financing costs.
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Rocket Cos. reported an increase in gain-on-sale margin but warned that going forward it is likely to slip back to levels seen in the second half of last year.
The 2022 vintage had a higher percentage of purchase mortgages, as well as 30-year fixed-rate loans versus the 2021 production, an annual Federal Housing Finance Agency report said.
