Servicing

Economic turbulence affected borrowers during the quarter and will likely impact their ability to refinance maturing loans, the Mortgage Bankers Association said.

The increases are partly due to the fact that the pandemic-related property backlog is finally moving forward, but it also stems from recent economic weakness.

Mortgage subservicing opportunities open up as transfers rise: BSI

Rate volatility stemming from the banking crisis temporarily disrupted trading, but a broad range of deals large and small have gone up for bid since then.

Mission-driven entities will have priority on 50% of loan pools secured by Home Equity Conversion Mortgages.

Chase, Wells Fargo both reported increased gain on sale margins in the first quarter over the fourth, a potentially promising indicator for upcoming IMB earnings.

Two professionals who advise servicers on compliance name their key areas of concern.

Just under half of respondents in a recent mortgage study said cost of living increases have impacted their ability to make a home loan payment in the past six months.

But profits more than doubled on the servicing side, according to the Mortgage Bankers Association.

Affordability constraints have made borrowers who bought properties within the last 12 months increasingly vulnerable to price declines.