Servicing

Chase, Wells Fargo both reported increased gain on sale margins in the first quarter over the fourth, a potentially promising indicator for upcoming IMB earnings.

Two professionals who advise servicers on compliance name their key areas of concern.

Just under half of respondents in a recent mortgage study said cost of living increases have impacted their ability to make a home loan payment in the past six months.

But profits more than doubled on the servicing side, according to the Mortgage Bankers Association.

Affordability constraints have made borrowers who bought properties within the last 12 months increasingly vulnerable to price declines.

The change may decrease the amount of time that a servicer is required to hold a loan on their balance sheet.

The agency added increased emphasis on loss mitigation and special purpose credit programs following heightened calls for more participation in the latter from a minority trade group.

The industry is largely seeking, for example, a broader application of deferrals the Federal Housing Finance Agency recently authorized for use later this year.

The new business line offers consumer-facing digital strategies and analysis of related data that can help with customer retention.

The decision in the Empire State's highest court could expand the options for owners who never received required notifications in that jurisdiction, and potentially others nationwide.