Servicing

The Fannie Mae survey found that the easing of credit standards may help solve some of the affordable housing problems that the housing market has been experiencing.

Technology is becoming one of the single most important aspects and drivers of growth in the housing industry. Originators, servicers, investors, and others in real estate need to ensure that they are implementing different technologies within their businesses.

So now that the rates are higher, mortgage industry professionals are now wondering how this change will be impact their business moving forward into the new year. Several executives sat down with MReport to give their thoughts on if the housing market will thrive, stall, or completely shatter in the near future.

Many factors have been contributed to the lessening number of young homeowners over time—excluding a brief spike during the housing boom—but this may be about to change in the near future.

Homeowners appear to be keeping up with their mortgage payment at the largest banks, improving overall performance of first-lien mortgages and cutting the need for loss-mitigation.

Freddie Mac sellers/servicers brace yourself for some significant changes regarding the way that they you do business in the coming year.

Just as servicers were adjusting to the lowest ever standard mortgage modification interest rate established in November by Fannie Mae and Freddie Mac, the GSEs opted to raise it back up.

Mike Weinbach, currently the CEO of Mortgage Servicing with JPMorgan Chase, has been named Chase’s new CEO of Mortgage Banking, the bank confirmed on Wednesday afternoon.

Kal Raman has resigned his position as President and CEO of Xome Holdings, LLC, and its subsidiaries, according to an 8K filing by Xome's parent company, Nationstar Mortgage Holdings, with the Securities and Exchange Commission (SEC). Xome and its subsidiaries are wholly-owned subsidiaries of Lewisville, Texas-based Nationstar Mortgage Holdings. Raman originally joined Nationstar Mortgage as the CEO of another one of its subsidiaries, Solutionstar, in November 2014.

Freddie Mac’s total mortgage portfolio expanded for the ninth straight month and for the 14th time in the last 16 months in October 2015, according to the Enterprise’s October 2015 Monthly Volume Summary released on Thursday.