National Mortgage News (Servicing) RSS
-
Cornerstone Capital to acquire another Texas bank
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
-
Supreme Court rejects petition on New York foreclosure law
Retroactive interpretations have bedeviled mortgage servicers and the market for older loans. The industry will be watching other cases in New York closely now.
-
Experian to offer VantageScore 4.0 for free
If Experian eventually charges for VantageScore 4.0, it will be offered for at least a 50% discount compared to what Fair Isaac Corp. charges for its FICO score.
-
Mortgage risks tied to federal furloughs flagged by KBRA
Fannie Mae and Freddie Mac's credit risk-transfers and some older private-label mortgage-backed securities have exposures to the Washington DC area.
-
Lower rates fuel big September refi spike
Rate-and-term transactions leaped by 154% from August to September, while cash-outs and purchase loans also increased, according to Optimal Blue.
-
Shutdown cuts off flood insurance program during storm season
A lapse in the National Flood Insurance Program because of the US government shutdown threatens to snarl home sales in the nation's riskiest floodplains and leave some homeowners without coverage in the middle of hurricane season.
-
Shutdown hampers rates, rural, HECM and niche condo loans
Some lenders have a workaround for the Federal Housing Administration's suspension of reverse mortgage endorsements but fewer options exist in other instances.
-
Foreclosures tick up in Q3, signaling borrower stress
Roughly 100,000 properties in the United States had a foreclosure filed in the third quarter this year, an increase on a quarterly and yearly basis, ATTOM said.
-
Thriving and adapting in the wholesale channel
How did Pennymac grow into a leading TPO player? Wholesale chief Kim Nichols describes the lender's rapid rise, and weighs in on the impact of trigger leads, LO