Servicing

While numbers have been increasing, it will be some months before they get back to pre-pandemic levels, according to Attom Data Solutions.

The government-sponsored enterprise has already done twice as many of these deals as it did during all of 2021.

But re-entries crept up, while the percentage of borrowers exiting plans without loss mitigation in place increased.

This move is in addition to the recent notice filed by the Department of Housing and Urban Development about its interest in creating a permanent 40-year option.

Servicing gains failed to offset steep origination declines at the bank, which continues to battle allegations of racial discrimination.

The big threat to the mortgage banking community comes from any future Fed sales of mortgage-backed securities.

The Texas-based company aims to increase customer retention, offering borrowers amenities like flexible payment options through a self-serve vendor system.

The gain on sale from first quarter originations increased as the bank shifted more volume share to the higher-margin channel.

California Attorney General Rob Bonta and 21 other AGs urged the Consumer Financial Protection Bureau to include consumer costs for certain mortgage payment services in a review of "junk" charges.

Even though the majority of forbearance plans have ended, late payments continued their downward trend in January.