Servicing

The top five had a combined MSR volume of more than $28 billion at the end of Q4 2022.

A pair of bills make it clear that stealing a homeowner's title is a crime, subject to a maximum prison term of 25 years.

The latest estimates for its market share in third-party origination channels as others have exited is 17% for correspondent and 2.2% in wholesale.

The company also has plans to bring on board $37 billion in subservicing contracts in line with its acquisition of Rushmore Loan Management Services.

Consumers are receiving demand letters on loans they have not had any communication about in at least 10 years, the regulator said.

As of April 19, the state program has distributed close to $100 million in mortgage and utility money to 19,123 applicants.

A couple small deals with some unusual regional concentration also are in the market and one broker says many billions of dollars more are in the pipeline.

Also, a rate drop opened up some refinancing options in March, and prepayments experienced an extraordinary short-term rise.

Chief Financial Officer Terry Dolan mentioned the possibility when analysts asked about ways the bank might optimize its risk-weighted assets.

The numbers represented an annual surge of 56% after COVID-19 relief measures expired across most of the country