Optimal Blue’s Mike Vough on borrowers staying rate anchored into 2026
Optimal Blue’s Mike Vough says borrowers remain anchored to low mortgage rates as February’s refi share slipped to 41% and ARMs rose to 10%.
Servicing
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Mortgage trade groups urge VA to revise elements of proposed partial claim rules
MBA and CHLA asked VA to revise its partial claim and loss-mitigation proposal, pushing for a simpler waterfall and a 180-day lead time.
ICE’s Matt Dowd: MSP updates are ‘just a foundation’ for AI journey
ICE’s Matt Dowd said that the MSP update goes beyond aesthetics, positioning MSP to streamline high-frequency workflows.
Radian announces exit of CFO Sumita Pandit, elevates finance leaders
U.S. mortgage insurer Radian Group Inc. said that president and chief financial officer Sumita Pandit is departing the company effective Thursday.
Mortgage escrow misconceptions persist as payment amounts rise
Most homeowners are surprised by escrow payment increases, with 62% citing higher property taxes as the cause.
Exclusive: Pennymac to acquire subservicing giant Cenlar for $257.5M
Pennymac’s first M&A deal adds 2 million loans and expands its mortgage servicing to more than $1 trillion in unpaid principal balance.
Stewart acquires MCS’s mortgage services business for $330 million
Stewart Information Services Corp. has entered into an agreement to acquire the mortgage services of property preservation provider Mortgage Contracting Services (MCS) for $330 million.
Exclusive: CrossCountry Mortgage CEO unveils organic growth strategy
Rather than pursuing mergers and acquisitions to strengthen its origination and servicing platforms, the company has focused on organic growth by acquiring mortgage servicing rights (MSRs) and building an asset management arm
Who keeps the borrower? A deep dive into servicer retention
Data from ICE Mortgage Technology shared with HousingWire offers a deep dive into servicers’ performance at keeping a borrower in their books after a refinance transaction.
Analysts split on what happens next with Rocket–Mr. Cooper servicing book
The regulator imposed a 20% cap on Fannie and Freddie servicing exposure, raising questions about how much room Rocket has to expand.