The recent rate runup has challenged mortgage production units, but some new opportunities in servicing emerged from it that have benefits for both sides of the market. Processing Content For one, some servicing valuations soared to heights not seen in years, according to Mike Carnes, managing director of the Mortgage Industry Advisory Group’s MSR valuation […]
How servicing businesses can get the most out of rate hikes Read More »
ICE Mortgage Technology’s move to drop a planned fee for lenders and vendors who need extra time accessing the Encompass software developer kit (SDK) after its Dec. 31 sunset reveals that adoption of the API standard has had some hiccups. Processing Content In a late-August notice to Encompass customers and partners, ICE said that for
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Both Fannie Mae and the Mortgage Bankers Association pushed down their respective mortgage finance forecasts for 2026 as rates continued their climb in September. Processing Content Much of this movement started even before indicators became strong that the Federal Open Market Committee would need to boost short-term rates, which it did on Sept. 16. While
Fannie, MBA cut 2026 forecasts; plan for 6.8% rates Read More »