Servicing Newslinks Archive
MBA Servicing NewsLink Tuesday June 20, 2023
20 Banks With the Most Subservicing in Q1
National Mortgage News, June 15, 2023 (Complimentary Access)The top five residential servicers in this list have a combined unpaid principal balance of more than $1.8 trillion at the end of …
MBA Servicing NewsLink Tuesday June 13, 2023
Prepayment Speeds Were Up 22% in May on Seasonality
National Mortgage News, June 7, 2023-Brad Finkelstein (subscription)Mortgage-backed securities prepayment speeds increased 22% month-to-month in May, but that was largely due to seasonality related to traditional spring buying activity, a …
CoreLogic Reports Borrowers See First Annual Home Equity Losses Since 2012
U.S. homeowners with mortgages saw their home equity decrease by 0.7% year-over-year–an average loss of $5,400 per borrower–according to CoreLogic, Irvine, Calif.
MBA Servicing NewsLink Tuesday June 6, 2023
Purchase-Mortgage Share Hits 85% in First Quarter
Inside Mortgage Finance, June 2, 2023–John Bancroft (subscription)Refinance originations fell to exceptionally low levels in the first quarter of 2023, helping to increase the purchase-mortgage share of the market, according …
Rising Rates Make It Harder to Help Distressed Homeowners; Regulators Are Trying to Fix That
Wall Street Journal, May 31, 2023-Ben Eisen (subscription)Rising interest rates are putting up new roadblocks for people struggling to pay their mortgages. Housing officials are working on a fix.https://www.wsj.com/articles/rising-rates-make-it-harder-to-help-distressed-homeowners-regulators-are-trying-to-fix-that-813a8cd9
ATTOM: Zombie Foreclosures Increase
Vacant residential properties increased 1.3% in the second quarter to 1.28 million houses, reported ATTOM, Irvine, Calif.