Servicing

At least two legal actions have been filed in a Texas federal court.

A final hearing on the decision in the suit regarding convenience fees will take place early next year.

Policymakers are exercising restraint when it comes to the MBS portfolio for now but they'd still still like to sell, panelists at an industry conference said.

An article's handling of COVID loan forbearance for veterans is an unfortunate example of how American journalism has become compromised by progressive politics, often by ignoring or twisting the facts, writes the chairman of Whalen Global Advisors.

The market could find out next year how well foreclosure prevention innovations and home equity protect borrowers from growing strains on affordability.

The former investment type added to net earnings, but a tough market hurt some sectors of it during a quarter in which the company experienced mixed success with M&A attempts.

The company posted net income of under $301 million in the third quarter, including a $93 million positive mortgage servicing mark.

The lender and servicer is still planning for another $120 million in annualized expense reductions in the next few quarters.

The company also renewed key partnerships, recorded some reverse mortgage charges it'd previously foreseen and eked out an adjusted pretax origination gain.

The retention rate among servicers is at a 17-year low the latest Intercontinental Exchange Mortgage Monitor report found.