Servicing

Some Fannie Mae and Freddie Mac packages are attracting offers in the mid-5 times range, MIAC Analytics said.

As the National Flood Insurance Program goes into effect this month, more than 80 percent of existing policyholders are set to see rates climb and those gains will be spread largely evenly among rich and poor areas, according to a new report.

But the consumer credit reporting agency’s adjusted results slightly exceeded consensus estimates from analysts.

Strong general unemployment gains, student loan deferrals and borrowers enjoying low interest rates secured in the refinance boom contributed to the positive gains.

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.