Servicing

Although issuance of new securitizations has been low compared to year-ago levels, it rebounded as spring buying began

The offering comes amid an ongoing wave of private and public MSR sales.

Although the company reported a loss, executives expressed confidence in its funding and liquidity.

Consumers are receiving demand letters on loans they have not had any communication about in at least 10 years, the regulator said.

A couple small deals with some unusual regional concentration also are in the market and one broker says many billions of dollars more are in the pipeline.

Economic turbulence affected borrowers during the quarter and will likely impact their ability to refinance maturing loans, the Mortgage Bankers Association said.

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.

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

The year-over-year drop in January stemmed primarily from loans where a payment had not been made in at least 120 days but shorter-term arrears were higher during the same period.

The government-backed acquisition heads off regulatory and financial concerns at a Swiss bank that could have affected overseas financial institutions that U.S. lenders count on.