National Mortgage News (Servicing) RSS

• What homeowners impacted by the LA fires should do

  Impacted borrowers should anticipate some breaks from insurance coverage and home loan payments, but timelines and relief funds could vary significantly.

• FHA updates distressed servicing policies

  The loss mitigation directives place limits on options and include a long ramp-up period that could accommodate future change from new leadership in Washington.

• FCC warns of sophisticated mortgage-related scam

  The FCC is advising homeowners nationwide to stay alert for scam calls impersonating their mortgage lenders, particularly if they have applied for loan relief.

• CFPB says flood risk for mortgages underestimated

  Financial profiles of borrowers in the coastal areas where insurance coverage is required vary significantly from at-risk homeowners inland, CFPB's analysis found.

• Wildfires prompt reckoning for homeowners insurance costs

  Californians have paid relatively less for coverage than homeowners in the storm-stricken Midwest and Southeast regions, according to Intercontinental Exchange.

• 20 banks with the largest mortgage subservicing volume in Q3

  The top five banks had a combined unpaid principal balance of nearly $1.8 trillion at the end of the third quarter of 2024.

• LA wildfires likely to slow down mortgage trades

  The wildfires are expected to have a limited effect on loan pricing and delinquencies, but other expenses could rise, adding to the cost of a mortgage.

• PHH Mortgage settles FHA fee allegations for $3.5 million

  The Department of Housing and Urban Development did not assign any fault or liability in conjunction with the "historic" settlement.

• 20 banks with the largest mortgage servicing volume in Q3

  The top five banks had a combined servicing value of more than $25 billion at the end of the third quarter.