National Mortgage News (Servicing) RSS

• Servicers need to update analytics as retention rate drops

  Refinance retention dropped four percentage points to 27% from the second to third quarter, according to ICE's latest mortgage monitor report.

• GSE delinquencies climb: Don't shift staff solely to FHA

  Delinquencies of Fannie Mae- and Freddie Mac-backed loans reversed course from early summer, climbing in tandem with the ongoing rise in inflation.

• Onity's 50%+ recapture rate raises the bar for servicers

  Onity's recapture rate topped 50% and its $94 cost per loan beats the $112 IMB average, showing servicing-heavy models can hold volume as originations weaken.

• Ellington eyes non-QM servicing growth in new acquisition

  Executives at Ellington Financial said a dearth of servicing partners proficient in specialized loans drove its recent purchase of Statebridge Co.

• How midterm outcome may shape housing bill follow-up, GSE reform

  Dynamics may change for congressional matters like housing appropriations but also the broader environment around federal mortgage rules and regulations.

• Newrez adds ex-Rocket exec, highlighting industry tech pivot

  Jay Jones' appointment to chief servicing officer underscores how a technology background is turning into a prerequisite for mortgage leadership today.

• Inspector general hits Pulte over 'unprecedented' obstruction

  The accusations are the latest escalation in a feud between Federal Housing Finance Agency Director Bill Pulte and his congressionally mandated overseers.

• How Newrez, Bayview and Onity are managing their MSRs

  Some fresh challenges have arisen but "there are attractive returns, even in a market like this," Newrez President Baron Silverstein said at an IMN conference.

• Gain on sale margins to slip in 2027, analysts warn

  The adjustments come after Rocket management said the mortgage business will end this year and 2027 with originations below industry economists' forecasts.