mortgage servicing – PROGRESS in Lending

MBA Releases Templates For Servicer Communications

April 26, 2021 PROGRESS In Lending Mortgage Bankers Association, mortgage servicing

he Mortgage Bankers Association (MBA) released today two templates for residential mortgage servicers’ communications with borrowers with existing London Interbank Offered Rate (LIBOR)-indexed adjustable-rate mortgages (ARMs). LIBOR is the leading reference rate for adjustable-rate single-family mortgages in the U.S. A permanent cessation of most tenors of U.S. dollar LIBOR will occur after June 30, 2023.

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STRATMOR Group Identifies Challenges Keeping Servicers Awake At Night

April 23, 2021 PROGRESS In Lending mortgage servicing, STRATMOR Group

Mortgage companies that began to retain servicing or increased their servicing portfolios in 2020 are now faced with several areas of ongoing incremental risk, according to the April 2021 Insights Report from mortgage advisory firm STRATMOR Group.