Servicing
Three solutions for homeowners in forbearance
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While the Biden administration has pushed the foreclosure and forbearance
As you wade into a busy market, don’t forget about taxes
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While turnaround times, underwriting, and closing bottlenecks have been raised
Mr. Cooper bets on future servicing earnings as 4Q profits run high
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As its mortgage origination volume delivered another quarter of strong earnings, Mr. Cooper’s banking on its "enormous backlog" of REO orders to generate further profitability once the foreclosure moratorium is lifted.
Mortgage Application Volume Continues Decline
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Posted To: MND NewsWire

The volume of mortgage applications for both home purchase and refinancing fell for the third straight time during the week ended February 19. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of that volume, dropped 11.4 percent on a seasonally adjusted basis. It was the largest single week decline since the week ended April 3, 2020. On an unadjusted basis the index was down 10.0 percent. The Refinancing Index decreased 11 percent from the previous week but was still 50 percent higher than the same week one year ago. The refinance share of mortgage activity decreased to 68.5 percent of total applications from 69.3 percent the previous week. The seasonally adjusted Purchase Index dropped 12 percent and was 8 percent lower before adjustment. Activity was 7 percent...(read more)

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Forbearances drop as extensions provide a ‘smooth transition’
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Independent mortgage banker recovery drove the weekly decrease in forbearance share, according to the Mortgage Bankers Association.
Forbearances rise with ‘likely limited’ recovery ahead
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Moratorium extensions helped drive a weekly increase in forbearances, according to Black Knight.
Mortgage hedgers won’t add fuel to rates fire, JPMorgan says
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Today, the mortgage players who most actively hedged — Fannie and Freddie, real estate investment trusts and large bank servicers — have significantly reduced their need to to do so, analysts said.
Mortgage industry digital strategies sag under weight of COVID-19
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“Two clicks or less” needs to become the mantra for the mortgage industry as it confronts the digital challenges that have kept it mired in the world of costly and cumbersome phone-based customer support, J.D. Power’s Jim Houston writes
Mortgage industry digital strategies sag under weight of COVID-19
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“Two clicks or less” needs to become the mantra for the mortgage industry as it confronts the digital challenges that have kept it mired in the world of costly and cumbersome phone-based customer support, J.D. Power’s Jim Houston writes
Mortgage Volumes Resume Downward Trend as Rates Rise
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Posted To: MND NewsWire

The volume of mortgage applications declined again last week, the fourth loss out of the six full weeks since the year began . The Mortgage Bankers Association (MBA says that its Market Composite Index, a measure of application volume, has lost an aggregate of 9.6 percent since the week ended January 1. In the most recent week, which ended February 12, the index was down 5.1 percent on a seasonally adjusted basis and 4.0 percent before adjustment. The Refinance Index decreased 5 percent from the previous week although it remains 51 percent higher than the same week one year ago. The refinance share of mortgage activity decreased to 69.3 percent of total applications, from 70.2 percent during the week ended February 5. The Purchase Index was down 6 percent on a seasonally adjusted basis and...(read more)

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