The top five banks in the list have a combined unpaid principal balance of more than $1.8 trillion in subservicing at the end of the first quarter of 2024. While many saw a decrease between Q4 2023 and Q1 2024, one saw an increase of 12.35%.
The data in this ranking came from National Mortgage News'
Scroll through to see which banks are in the top 20 through the end of March 2024.
Loan officers say the main reasons real estate partnerships fall through are poor communication and mismatched expectations.
The lender and servicer is spending $9.3 million on security upgrades in addition to its pending $25 million fund for consumers and their attorneys.
Jason Mitchell, the CEO of The Mitchell Group, called the CFPB's lawsuit against both his company and Rocket Homes "a witch hunt."
Mortgage rates have run higher since the most recent Federal Reserve meeting as consumer spending points to economic strength.
Analysts are unsure what the Federal Open Market Committee will do with monetary policy in 2025. The panel projects two rate cuts, but some analysts expect more, and others see fewer.
At least one buyer was looking for a barndominium, while another wanted a roller coaster, according to Zillow's analysis of data from its home search feature.
