Servicing

Delinquencies are higher in one sector but overall pretax operating income is at a multi-decade high and adding to profit from originations.

The mortgage arm of Rithm Capital saw profits surge in the fourth quarter, as the parent company looks to scale up before making any moves to separate.

HUD, Ginnie Mae and USDA weighed in on the status of recent actions, some of which could change due to transitions in Washington.

Completed foreclosure auctions should be 8% lower this year, but if home value and unemployment expectations change, all bets are off, Auction.com said.

The newly created entity, Rithm Acquisition, is a possible, albeit unlikely, way to finally take its NewRez mortgage lending business public.

The move extends the technology company beyond origination functions by pairing it with a former Mortgage Builder platform its parent company also owns.

Excess capacity remains in the mortgage origination cycle, and lenders need to cut costs and end the boom-and-bust hiring, Boston Consulting Group said.

Mr. Cooper is set to launch a pilot program by midyear, integrating previously released components into a unified platform.

While it is still early to see the full impact on delinquencies, 5% fewer borrowers in these areas made their monthly mortgage payment by Jan. 17.

The financial services unit also made a categorization change that revised comparisons to prior periods and will be working with its REIT affiliate in new ways.