ACTIVE SERVICERS
304
AVG BUYOUT RATE
2.4%
AVG MODIFICATION RATE
6.8%
SERVICER DEFAULT RISK
3 Critical
Servicer Action Timing — Months After Delinquency Onset
When do servicers buy out loans vs modify them? Peak buyout at 10-12 months, peak modification at 7-9 months.
AI Prediction: Servicers attempt modification early (months 4-9) when recovery probability is higher. Buyouts peak at months 10-12 when modification has failed and the servicer removes the non-performing asset to avoid further guarantee claims against Ginnie Mae.
Modification Types
Quarterly Servicer Actions — Trend
Servicer Risk Scoring — Top 10 by Activity
| Servicer | Pools | Buyout Rate | Modification Rate | Risk |
|---|---|---|---|---|
| Freedom Mortgage | 45 | 3.2% | 8.5% | High |
| PennyMac Loan Svcs | 38 | 2.1% | 6.2% | Medium |
| Lakeview Loan Svcing | 32 | 4.5% | 11.3% | High |
| Mr. Cooper Group | 28 | 1.8% | 5.1% | Medium |
| NewRez LLC | 25 | 2.5% | 7.8% | Medium |
| Flagstar Bank | 22 | 1.2% | 3.9% | Low |
| U.S. Bank Home Mtg | 20 | 0.8% | 2.1% | Low |
| Wells Fargo | 18 | 0.5% | 1.8% | Low |
| JPMorgan Chase | 15 | 0.4% | 1.5% | Low |
| Nationstar Mortgage | 42 | 5.1% | 12.8% | Critical |