bivey@imfpubs.com
The share of mortgages in forbearance declined slightly, according to the Mortgage Bankers Association. The forbearance share was 5.35% as of Jan. 31, down from 5.38% the week prior...
Approximately 1.2 million mortgage borrowers, accounting for close to 3% of mortgages outstanding, feel they are at risk of foreclosure or being forced to move in the next 30 days, according to the MBA. Various moratoriums on foreclosures are set to expire in the coming months, though they could be extended...
New Residential Investment is on track to maintain its mortgage production volume in the first quarter. The firm said it expects to produce between $23 billion and $25 billion in the first quarter of 2021 compared with $23.9 billion of originations in the previous quarter...
Ocwen Financial hired George Henley as the new chief growth officer. He is tasked with increasing the nonbank's servicing and origination activities and was previously an executive vice president of retail lending at Freedom Mortgage.
Banks Are the Exception Among the Top Subservicers
Cenlar, the top subservicer in the nation, had an estimated $755.0 billion in contracts at Sept. 30, a 27.5% sequential improvement and a year-over-year gain of 34.8%. Yet the subservicing business continues to be dominated by nonbanks, with LoanCare, Dovenmuehle, Mr. Cooper and Shellpoint Mortgage rounding out the top five. Keep track of how changes are playing out for the industry and its top performers in originations, servicing and all of the market’s sectors and products with IMF's quarterly Top Mortgage Players report.
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