Post-2022 loans drive 43% of foreclosure starts; act early
Loans originated in 2022 or later accounted for 43% of September's foreclosure starts and 49% of completed sales, according to the ICE's first look report.
Servicing
FICO holds price for commitments as Pulte plans more action
FICO announced it will maintain its mortgage industry price for credit scores through tri-merge resellers at $10 for members of its Preferred Program.
Lenders should prepare for shifts in mortgage REIT demand
Single-family mortgage real-estate investment trusts in the market for home loan assets face hurdles and selectively taking on leverage to keep buying.
UWM sheds MSRs to ease debt as origination margins slip
The company expects to report net income between $205 million and $220 million, with positive servicing results offset by an originations miss, analysts said.
Don’t bank on rate dip; servicing books win, KBW says
Investors drove long-term Treasury yields down this week on concerns regarding AI-related debt, but inflation and the Iran conflict can push rates higher.
Servicers must watch non-QM as negative outcomes grow
While positive results, including cures and resumed payments, still outpace the poor ones, the gap in the most recent dv01 study narrowed from 12 months prior.
Wells Fargo servicer ratings downgraded on portfolio shift
Fitch Ratings, noting the reduction in Wells Fargo's balances and sale of non-agency servicing, said the bank no longer meets expectations at its old grade.
BofA: Add GSE scores to models to predict delinquencies
The release of Fannie Mae and Freddie Mac's internal metrics support this process, but other measures will still be needed, according to Bank of America.
Renovation financing opportunities await lenders, survey finds
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
IMBs need to watch HELOC securitization costs as banks enter
More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.
Pulte: ‘cartel-like’ bureaus should cut costs, eyes bi-merge
The big three's trade group has said they operate legally and protect the industry with a trio of reports. FHFA also is opening up VantageScore for all lenders.
Non-QM RMBS reaches $78B despite rising impairments
Non-QM securitizations hit $78B as lenders ease guidelines to capture unserved borrower demand, even as total impairments rise for the 10th time in 13 months to 6.27%.
Why delinquencies from one particular year stand out
The latest investor statements show the persistence of a trend in which one vintage has a higher rate of distress than others, Morningstar DBRS finds.
Two Harbors fires back at UWM, calling lawsuit frivolous
In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
Record home equity masks troubling rise in underwater loans
The new record arrives after five months of annual home-price growth, which surged to its highest in more than a year, according to ICE Mortgage Technology.
Loan modifications rose ahead of policy transition: FHFA
In line with broader trends, the GSEs have been putting new limitations on forbearance and putting more of an emphasis on mods.
Ginnie Mae approves BSI Financial as eIssuer, eSubservicer
The approvals expand BSI's ability to support Ginnie Mae-backed digital mortgage assets across securitization and servicing, the company said.
Large drop in new defaults may signal reprieve for servicers
The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
Agency MBS issuance slows in June on fewer refis
However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
UWM concedes but defiant in its views on Two Harbors’ board
A dividend cut is what some feel likely to be next for UWM, in order to reduce leverage levels which are well above competitors Rocket and Pennymac
Load More
Couldn’t load more articles. Try again.