The Mortgage Bankers Association Secondary Conference in 2021 was a celebration of extraordinary times and the end of COVID. This year’s event was far more subdued. Issuers worry about rising…

Leaders at Ginnie Mae and the Federal Housing Finance Agency gave hints at what lies ahead for their organizations when speaking at the Mortgage Bankers Association conference this week.   On…

The Rural Housing Service is currently seeing volume levels of mortgage recovery advances, or MRAs, coming in at a monthly pace equal to the entire total seen before the COVID-19…

Ocwen on Thursday reported the extension of a $54 billion subservicing contract with New Residential due for expiration this year, highlighting the importance of maintaining business relationships in an area…

PennyMac Financial Services’ first quarter net income was flat compared with the prior three month period, but on an earnings per share basis beat consensus estimates because of its servicing…

In a sign the mortgage servicing rights secondary sales market is picking up, MIAC Analytics is conducting three separate auctions, with several others in preparation to go. They come on…

Two years ago, the financial markets were flooded with billions of newly minted dollars care of the Federal Open Market Committee in response to COVID. Banks put aside $50 billion…

Cornerstone Home Lending is bringing its mortgage servicing in-house, joining the ranks of other companies repositioning operations on this side of the business as the rate environment changes. The company…

The Department of Housing and Urban Development has formally proposed to amend regulations to accomodate 40-year modifications that Ginnie Mae has been preparing to securitize. The proposal, published Friday in…

It’s beginning to look a lot like 2007 in the U.S. housing market, and the Federal Reserve Board has taken notice. Home prices, the number of first-time buyers and the…