Servicing

The package of Fannie Mae, Freddie Mac and Ginnie Mae MSRs has some unusual geographic concentrations and a nearly 2.63% delinquency rate, including foreclosures.

The newly revealed victims were affected by the previously disclosed cyberattack, which went undetected for 41 days between September and December.

Foreclosure starts also fell, coming in below pre-pandemic pace, according to Black Knight.

Following the third most active season on record, the 2022 forecast predicts La Niña will drive increased Atlantic storm development.

Rising interest rates and emergence from pandemic contingencies could put increased strain on the ability to repay, but signs of near-term loan performance stress have been limited.

As fewer mortgage borrowers remain impacted by the COVID-19 pandemic, the subservicer elected to reduce the capacity it added over the past two years.

The insurer’s stock has consistently been above its initial $19-per-share price, unlike those of the mortgage originators who recently went public.

Industry experts discuss evolving strategies in the hot MSR market as risks related to prepayments decline but concerns around credit and housing finance firms’ liquidity grow.

The agency eased rules regarding delinquency thresholds and reporting regulations through the end of June 2023.

The Minnesota woman altered documents and failed to file documents as promised in cheating multiple investors between 2018 and 2020.