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Servicing

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Stewart acquires MCS’s mortgage services business for $330 million

November 7, 2025 by bp56691
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.
Categories HWmember, MCS, Mergers and Acquisitions, Mortgage, Mortgage Servicing, Servicing, Stewart, Stewart Title

Exclusive: CrossCountry Mortgage CEO unveils organic growth strategy

October 6, 2025 by bp56691
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
Categories CrossCountry Mortgage, HWmember, LendingLife, Mortgage, Mortgage Servicing, Origination, Servicing

Who keeps the borrower? A deep dive into servicer retention

September 29, 2025 by bp56691
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.
Categories Data & Visuals, HWmember, ICE Mortgage Technology, LendingLife, Mortgage, Mortgage Servicing, Refinancing, Servicing

Analysts split on what happens next with Rocket–Mr. Cooper servicing book

August 28, 2025 by bp56691
The regulator imposed a 20% cap on Fannie and Freddie servicing exposure, raising questions about how much room Rocket has to expand.
Categories FHFA, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Mr. Cooper Group, Rocket Companies, Servicing

Cypress Loan Servicing settles foreclosure case for $2M

August 7, 2025 by bp56691
Cypress reached a $2 million settlement with the Massachusetts AG over alleged violations of foreclosure prevention and consumer protection laws.
Categories Foreclosure, HWmember, Lawsuit, Legal, Massachusetts, Mortgage, Mortgage Servicing, Servicing

PennyMac, the top dog in correspondent, says its broker business is booming

July 22, 2025 by bp56691
PennyMac said that over 5,100 brokers are approved to do business with the lender, up 19% year over year.
Categories Earnings, LendingLife, Mortgage, Mortgage Servicing, PennyMac, Servicing

After the Bayview deal, what’s the refi strategy for Guild Mortgage?

July 14, 2025 by bp56691
Guild LOs said they have yet to receive any guidance on how the two platforms would collaborate after the deal closes.
Categories Guild Mortgage, HWmember, Lenders, LendingLife, Loan Officer, Mortgage, Mortgage Servicing, MSRs, Origination, Servicing

House passes bill to give VA borrowers a partial mortgage claim option

May 19, 2025 by bp56691
The House passed a bill by voice vote, with begrudging bipartisan support, that offers veterans a partial claim option for VA home loans.
Categories Department of Veterans Affairs, House of Representatives, HWmember, Legislation, Mortgage, Mortgage Servicing, PennyMac, Politics, Servicing, VA Loan, Veterans

CFPB seeks rescission of pandemic-era mortgage servicing rule

May 16, 2025 by bp56691
The CFPB says the rule it’s seeking to rescind is no longer necessary due to the end of the COVID-19 national emergency.
Categories CFPB, Compliance, HWmember, Mortgage, Mortgage Servicing, Real Estate Settlement Procedures Act, Regulatory, Servicing

Pennymac’s profits shrink, but its servicing portfolio now stands at a massive $680B

April 22, 2025 by bp56691
Pennymac reported lower revenue and earnings in Q1 2025, but it still has one of the largest servicing portfolios in the country.
Categories Earnings, HWmember, Lenders, LendingLife, Mortgage, Mortgage Servicing, PennyMac, Servicing
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