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Servicing

IMB profits rise to $785 per loan in 2025 as servicing keeps more lenders in the black

HWmember, IMBs, Marina Walsh, Mortgage, Mortgage Bankers Association, Origination, Servicing /

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks earned an average profit of $785 on each loan they originated in 2025, up from $443 per loan in 2024, according to the Mortgage Bankers Association (MBA)’s 2025 Annual Mortgage Bankers Performance Report, released Thursday. MBA reported that the average net production profit reached 21 […]

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Foreclosures ‘could signal shifting housing market dynamics’

Distressed, Foreclosures, Servicing /

Foreclosures inched up in the first quarter and surged ahead of last year’s levels in a manner that points to a change in dynamics, Attom reported Thursday. Processing Content The 118,727 properties with filings represented a 6% on a consecutive-quarter increase and a level 26% higher than a year earlier, the data and analytics firm

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Jumbo loans are creeping into non-QM, HELOC securities

Risk management, Secondary markets, Servicing /

Larger loans are increasingly showing up throughout private-label residential mortgage-backed securitizations, even in transactions outside the jumbo sector, according to new research. Processing Content Balances of $1 million or more are becoming more common for securitizations in the market for loans made outside of the qualified mortgage definition’s parameters, according to a Bank of American

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Gen Z, millennial homeowners struggle with mortgage payments

Distressed, Housing affordability, Servicing /

With mortgage rates sitting well above 6% for much of the last three years, nearly half of younger homeowners have struggled to make mortgage payments, an industry report finds. Processing Content Half of Gen Z homeowners and 44% of millennial homeowners were at risk of missing at least one mortgage payment over the last two

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El Niño means less active Atlantic hurricane season in 2026

Distressed, Natural disasters, Servicing /

Mortgage servicers can breathe easier: this year’s Atlantic hurricane season is forecast to be below normal.   Processing Content Still, even if one storm makes landfall in the U.S., property damages could be significant. For mortgage servicers, the effects of natural disasters, not just property damage and replacement but also the impact of temporary (and

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Kastle AI integrates with ICE’s mortgage servicing system

Kastle AI integrates with ICE’s mortgage servicing system

Artificial Intelligence, Industry News, Mortgage technology, Servicing /

Kastle AI is accelerating AI adoption for mortgage servicers by integrating with Intercontinental Exchange’s mortgage servicing system, MSP. Processing Content The integration allows servicers on MSP to deploy Kastle’s AI agents without building custom infrastructure, Kastle said in a press release Friday. Once authorized, Kastle can use the integration to access loan data and execute

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California utility bills are 20% higher due to wildfires

Homeowners insurance, Servicing, Wildfires /

The escalating cost of wildfires now adds $41 to the average monthly power bill for residential customers of California’s largest utility, according to a government report that calls for a systemic overhaul of how the state responds to conflagrations as climate change-driven disasters threaten its economy.  Processing Content That surcharge accounts for 19% of the average Pacific Gas

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Fifth Third official: AI will help banks ‘out-code’ vendors

Agentic AI, Consumer lending, Originations, Regulation and compliance, Servicing /

Key insight: Banks’ reliance on third-party software vendors and core providers may be eroding, according to Fifth Third consumer lending head Jay Plum.  What’s at stake: Rather than scrambling to prepare for an annual exam, AI will prompt banks to conduct ‘mini reviews,’ making the exam process much easier. Expert quote: “AI changes the nature

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New American Funding announces addition of One Goal Mortgage

Career moves, Industry News, Originations, Servicing /

New American Funding is expanding its presence in the Midwest with a new branch and team in Nebraska. Processing Content The Santa Ana, California-based lender announced Wednesday the addition of One Goal Mortgage Powered by New American Funding, a branch serving the Omaha, Nebraska, metro area and Southwest Iowa. The team joined New American in

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Newrez faces .2M penalty for servicing violations

Newrez faces $4.2M penalty for servicing violations

Enforcement, Industry News, Regulation and compliance, Servicing /

Washington State regulators are proposing a hefty financial penalty against Newrez after charging the company with numerous mortgage servicing violations in response to an investigation into more than 125 consumer complaints. Processing Content The Washington State Department of Financial Institutions seeks to fine the lender and servicer nearly $4.2 million for repeated violations of consumer

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