Mortgage servicing rights trading has remained brisk thus far in 2023. To help buyers and sellers capitalize on this important strategy while minimizing their risks, MBA NewsLink interviewed Tom Piercy, Managing Director, and Bob Dowell, Managing Director, Analytics, with Incenter Mortgage Advisors and Pamela Hamrick, President of Incenter Diligence Solutions.

Homebuyer affordability declined further in May, with the national median payment applied for by purchase applicants increasing 2.5% to $2,165 from $2,112 in April, the Mortgage Bankers Association reported.

More than one-quarter of homebuyers nationwide are looking to move to a different metro area, reported Redfin, Seattle.

The servicing industry continues to evolve and adapt as market conditions change. Given the market shifts, servicers can focus on technology advancements to maximize operational efficiency, manage risk and remain compliant, while providing superior customer service. In fact, the latest advancements in servicing technology are changing the way mortgages are serviced.

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The Federal Housing Administration on Wednesday increased the threshold at which a multifamily loan is considered a large loan from $75 million to $120 million. The Mortgage Bankers Association commended the move.