Based on the most recent completed study cycle, fully-loaded servicing costs remained flat relative to the previous year at an average of $237 per loan. But that only tells part of the story.
Tag: Servicing Operations Study and Forum
MBA Chart of the Week: Purchase Applications Payment Index for Selected States
The monthly cost burden of purchasing a new home, as interest rates and house prices rose precipitously in 2022, has continued into 2023. Indeed, the most recent Weekly Applications Survey release noted that the 30-year fixed mortgage rate is at 7.67% – the highest level since 2000, and the Federal Housing Finance Agency’s House Price Index shows that house prices continue to appreciate even as interest rates have eclipsed 7%.
MBA Chart of the Week Oct. 9: MBA’s Servicing Operations Study and Forum
MBA’s annual Servicing Operations Study and Forum (SOSF) includes a deep-dive analysis and discussion of servicing costs, productivity, portfolio characteristics, and operational metrics for in‐house single-family servicers.
MBA Chart of the Week Oct. 9: MBA’s Servicing Operations Study and Forum
MBA’s annual Servicing Operations Study and Forum (SOSF) includes a deep-dive analysis and discussion of servicing costs, productivity, portfolio characteristics, and operational metrics for in‐house single-family servicers.