Pennymac’s profits shrink, but its servicing portfolio now stands at a massive $680B
Pennymac reported lower revenue and earnings in Q1 2025, but it still has one of the largest servicing portfolios in the country.
Servicing
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The 29 mortgage servicers that received top marks from Fannie Mae
Fannie Mae on Tuesday announced the results of its 2024 Servicer Total Achievement and Rewards (STAR) program, recognizing 29 mortgage servicers for “competency, capability, and overall performance.”
With Ginnie Mae under fire, concern about market disruption is growing
Ginnie Mae is a target of DOGE, but housing companies are pushing back according to reporting from Bloomberg.
Mortgage servicing executives grapple with tech stack questions
Servicing companies that don’t embrace new technology will see the existing gap grow to a chasm. But finding the right vendor isn’t easy.
Mr. Cooper agreed to a $5.8 million settlement. Who is eligible for relief?
Nationstar Mortgage — currently doing business as Mr. Cooper — has agreed to settle a lawsuit which alleges that the company violated mortgage servicing laws and forced borrowers into foreclosure.
Jason Cave joins Mr. Cooper team as SVP for Government Affairs
Cave previously held various leadership roles at the Federal Housing Finance Agency and Federal Deposit Insurance Corporation.
Newrez president Baron Silverstein on client retention and third-party servicing
In this week’s PowerHouse episode, Newrez President Baron Silverstein dives into his company’s recent acquisitions and its growth strategy.
Loss-mitigation waterfalls face a murky future under Trump administration
Servicers have a request for the incoming Trump administration — standardization and simplification of loss-mitigation frameworks.
Streamlining property tax management: The CoreLogic Advantage for unmatched efficiency and accuracy
Efficiency and accuracy are paramount for homeowners, agencies, and servicers in today’s fast-paced real estate environment. When all parties operate from a unified information source, the process becomes quicker, simpler, and more effective. CoreLogic understands that like no other. By partnering with a highly-regarded vendor, organizations can foster strong relationships with agency collectors and gain […]
Mortgage groups push FHA for loss mitigation extension
In November, the FHA proposed updates to its permanent loss-mitigation options based on lessons from the COVID-19 temporary policies.