Servicing

The yield, a benchmark for mortgages and bonds, rose almost 5 basis points to as high as 5.01%, before pulling back to around 4.99% at 4:10 p.m. EDT Monday.

More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.

Lenders may not be able to fully respond to the broader government-sponsored enterprises' rollout of VantageScore 4.0 yet but there is one thing they can do now.

Weak refi demand is pushing lenders to lean on servicing income, as tighter execution spreads and higher MSR values shift the industry's sell/retain calculus

The Federal Housing Finance Agency has barred 51 people from working with Fannie Mae and Freddie Mac this year, the most suspensions in any calendar year.

The big three's trade group has said they operate legally and protect the industry with a trio of reports. FHFA also is opening up VantageScore for all lenders.

Selene Finance is defending its communications to borrowers, and is arguing that plaintiffs' inquiries are too individualized for class certification.

The real-estate services firm has purchased a title search company and affiliate just months after buying the Mortgage Contracting Services division from MCS.

Vacancy numbers leveled off this quarter, but the share among units owned by institutional investors is more than double the overall national rate, Attom said.

The July spike in foreclosures, led by Texas and Florida, presents an immediate opportunity for mortgage servicers to expand regional loss mitigation and default servicing capabilities.