Risk management

Rising interest rates have slowed a recent run of unexpectedly high prepayments of government-insured mortgages, making servicing rights for loans held in Ginnie Mae securities more attractive to investors.

The reduction in refinance activity as the mortgage industry pivots toward purchase transactions amid higher interest rates has caused loan defect and fraud risk to rise, according to First American Financial Corp.

CoreLogic has released a new platform that provides information on lien and equity positions for whole loan traders and servicers.

High origination volume and increased nonbank participation fueled another banner year for warehouse lenders, according to The Reynolds Group.

Black Knight Financial Services has launched a new tool that identifies potential liabilities to reduce title insurers' claims.

Phyllis Caldwell has put a priority on ensuring the company's board and workforce look more like the borrowers whose mortgages it services.

In the aftermath of enforcement actions, non-executive chair Phyllis Caldwell is directing the special servicer's efforts to diversify its leadership and business model.

Invictus Capital Partners, a nonprime mortgage lender based in Washington, D.C., is making its debut in the securitization market.

A number of banks are tapping the brakes on commercial real estate lending, giving others an opportunity to make more loans at better terms.

Citigroup's plans to sell a $97 billion mortgage servicing portfolio and subservice its remaining accounts highlights the growing prevalence of nondepository servicers and raises questions about how much capacity exists for these institutions to absorb more large deals.