Servicing

Net income declined by over 40% for both the quarter and year due to smaller gain-on-sale margins, but its servicing financials picked up.

With equity up from last year by an average of $55,300 in Q4 2021, home price appreciation keeps creating cash-out refinancing opportunities and detering foreclosure actions in many states.

Completions were the one type of activity tracked by Attom that slowed month-to-month, suggesting catch-up actions related to a pre-pandemic overhang of distressed loans.

The first Senate-confirmed woman to serve as president of the agency wants to involve a wide range of borrowers and mortgage companies in its efforts.

The overall number for late payments hasn’t looked this favorable since at least 1999, according to CoreLogic’s December report.

CEO Michael Isaacs is merging a nonbank lender acquired last year with stakes in real estate and insurance firms, and has an aggressive growth plan for servicing.

As independent mortgage bankers feel a liquidity pinch, portfolio sales such as the one being brokered by Mortgage Industry Advisory Corp. are likely to increase.

The $1.7 trillion in purchase lending for the year is the most ever recorded according to Black Knight’s January Mortgage Monitor Report.

The two states' combined plans amount to over $1.5 billion of the Homeowner Assistance Fund included within the American Rescue Plan Act , which was passed a year ago.

Lenders and servicers that take a business-as-usual approach to managing their flood portfolios may be exposed to undue risk.