Servicing

Independent mortgage bankers, for the first time in two years, turned a profit on a per loan basis for their production, the Mortgage Bankers Association found.

Capacity reductions seem to be in their endgame as clients are looking to focus on revenue growth and market share, Boston Consulting Group said in its second quarter 2024 wrap.

Investor demand for loans made outside the qualified mortgage definition can shift over time. It's recently been going through a period of particular strength.

Benutech's former CEO will head Voxtur, which is selling a majority stake in Blue Water Finance Technologies and repositioning itself in real estate lending.

While flat from a year ago, volumes surged between June and July, with notable increases in both starts and completions, according to Attom.

The Federal Housing Administration may soon complete the modernization of "face-to-face" rules and end a temporary, partial exemption from the original mandate.

Specialized Portfolio Servicing's sale resolves questions about it that arose when UBS bought the troubled Credit Suisse last year.

Issuance of new mortgage-backed securities guaranteed by Ginnie Mae has returned to levels last seen during the year monetary policymakers began raising rates.

The increase in refinance volume in July took place before the mortgage rate collapse in early August that brought the share to over 25%, Optimal Blue data showed.

Risks include pushing debt-to-income ratios too high for qualifying and rising costs leading to defaults, all of which affect the secondary markets.