National Mortgage News (Servicing) RSS

• Pennymac results didn't meet management's expectations

  Earlier in the day, the company confirmed it made staffing reductions as it aligns its cost structure with its technology investments to help operations.

• 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.

• Two Harbors ends run as a profitable company

  For the second consecutive quarter, the real estate investment trust recorded GAAP net income as it prepares to be acquired by CrossCountry Mortgage.

• Milliman gains MSR hedging scale with Blue Water buy

  The sale comes several months after private equity firm Hale Capital Partners acquired the financially troubled company formerly known as Voxtur Analytics.

• UWM fires back at Rocket in first salvo of $100M lawsuit

  The industry leaders are sparring over refinance business from a Mr. Cooper portfolio, and UWM contends it didn't specifically try to harm its rival.

• 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.

• Altisource in the red for Q2, looks to diversify clientele

  The company reported a nearly $600,000 loss as it navigates the loss of Rithm-related business and pushes for a more diversified revenue model.

• What servicers can learn from this year JD Power survey

  Chase edged out Rocket for the top spot in the annual mortgage servicer customer satisfaction survey, with depositories in seven of the top 10 spots.

• Annaly buys non-QM, agency servicing opportunistically in 2Q

  Correspondent volumes and the servicing portfolio were flat to lower but Onslow Bay was nevertheless the top conventional MSR investor in the first half.