Servicing

The government agency, an arm of the Department of Housing and Urban Development, plans to implement the change by no later than the first quarter of 2023.

The top five had more than $15 billion in mortgage servicing in Q2.

That's left mortgage servicing rights investors with fewer concerns about runoff, but buyers have less in the way of recapture opportunities.

The parent company Ocwen is contesting the award from the arbitrator, who ruled the company made a false offer to the borrower.

The transaction allows for portfolio defense as well as supporting Marlin's move into Ginnie Mae servicing.

The delay acknowledges concerns some companies and trade groups have had about compliance with the requirement.

The numbers contrast other loan performance statistics that show payments that have been late for less than 90 days have been creeping up a little.

The automation provider, which could merge with ICE Mortgage next year, is updating secondary market tools sorely needed in a volatile market.

The new product will be based on a recent revision to the Department of Veterans Affairs' handbook for lenders, according to the company.

The Federal Housing Finance Agency performance report also calls for owner occupants and community groups to get first dibs on over 90% of real-estate owned sales.