National Mortgage News (Servicing) RSS

• Rocket-Mr. Cooper should pass regulatory scrutiny

  Regulators should approve the deal because post-merger, the servicing market remains fragmented and the mortgage origination business is even more dispersed.

• What drove mortgage expenses higher in 2024: SEC filings

  Publicly traded lenders, including UWM, Rocket Mortgage and Guild Mortgage, saw personnel expenses increase significantly throughout last year.

• FHA issues QC waiver for some wildfire-related defaults

  The measure applies to mortgages closed in the months prior to the Southern California wildfires, which are now experiencing early-stage distress.

• What the Rocket-Mr. Cooper deal means for mortgage lenders

  This transaction, following Rocket's purchase of Redfin, could be the start of the creation of large players to compete with the likes of Zillow.

• Rocket Companies to pay $9.4 billion for Mr. Cooper

  The deal, expected to close by the end of 2025, will place Mr. Cooper CEO Jay Bray as president and CEO of Rocket Mortgage.

• Judge denies Pennymac, Caliber motions to dismiss lawsuit

  The federal district court order in Mississippi allows allegations of servicer responsibility for insurance shortcomings and excessive costs to proceed.

• Policy shifts stir uncertainty in mortgage-backed securities

  The most tangible concern is in the commercial real-estate market. But the rating agency's crystal ball is cloudy when it comes to single-family home loans.

• Dark Matter's next chapter: New CEO, fresh vision

  Dugan is replacing Rich Gagliano, who is moving to executive chairman after 18 months in charge of the now stand-alone mortgage technology provider.

• Newrez servicer hit with second zombie mortgage suit

  The homeowner who filed the suit claims he now owes over $160,000 in fees on a second mortgage, which was discharged in 2007.