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Mortgage servicing rights owners making their plans for 2025 are dealing with additional stress beyond the normal opaque nature of the business, SitusAMC said.
The move builds out a fee-based resolution for certain loan flaws piloted in 2024, which was set for a full 2025 rollout prior to changes in federal leadership.
The company maintained its guidance for the year as the bottom line returned to the black in the first quarter, officials reported in an earnings call.
Citizens Financial Group's promotion of Brendan Coughlin to company president comes at the same time as CFO John Woods prepares to leave for State Street. Both executives have been viewed as potential successors to CEO Bruce Van Saun.
The wholesale lender dubbed the development a "huge win" for itself and the broker community.
The Federal Reserve's preferred inflation reading fell in March, but the positive reading came before new trade policies hit the economy.
