Servicing

Some in the space say they've seen new players coming in but others disagreed during a panel at the Mortgage Bankers Association's Secondary and Capital Markets conference.

Now that the national emergency is over some — but not all — government-related entities have set what may be final deadlines for this form of pandemic relief.

But the percentage of loans in workout no longer current increased in April, the Mortgage Bankers Association found.

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.

The government-sponsored enterprises will likely have their mainstay bonds exempted from the potential securitization-related rule, but their credit-risk transfers could be subject to it, some experts say.

The 51 basis point increase was inevitable after the late payment rate reached a record low in the third quarter, the Mortgage Bankers Association said.

New starts surged 75% compared to a year ago, but repossessions saw their first decline in one-and-a-half years, according to Attom.

The company's mortgage operations posted a $24 million pretax profit thanks to servicing, while loan production saw a loss.

Average scores remain unchanged but signs of payment stress keep emerging, with Fannie Mae's serious delinquency rate up for the first time since August 2020.

But late borrower payments slightly grew in November, with 18 metro areas reporting an increase, up from six metro areas in October, CoreLogic's report found.

Mortgage prepayment rates also fell to a new low for the third consecutive month in December, according to Black Knight.