National Mortgage News (Servicing) RSS

• Selene Holdings' Doug Whittemore on scale, cost, niche loans

  Whittemore and his team are working to help the company handle both growth and diverse loan types, including non-QM, RPLs and NPLs.

• Private MI market share gaps widen in Q2

  New insurance written at the six private mortgage insurers increased by only 2% year-over-year, a sign of the sluggish home sales market at the low end.

• Cypress Loan Servicing settles with Mass. AG for $2 million

  The settlement resolves legacy allegations the state attorney general made about how the company handled mortgages before changing its role.

• More homeowners struggle to keep up with property taxes

  The tax delinquency rate hit a seven-year high last year with residents of some states seeing amounts owed increasing by more than 50% since 2019.

• UWM aims for broker-majority market amid 300% profit surge

  In the second quarter, the nation's largest originator funded $39.7 billion in mortgages, including $27.3 billion in purchase loans.

• MBA urges GSEs to end costly tri-merge credit reports

  MBA urges GSEs to drop tri-merge credit rule, calling it outdated and costly as FHFA weighs broader credit reporting and scoring reforms.

• Looser underwriting boosts serious default risk in 1Q25

  GSE loans acquired in the period have higher loan-to-value and debt-to-income ratios and lower credit scores, which Milliman said boosted serious default risk.

• How Onity kept profit on an even keel in a turbulent market

  Volatility hiked MSR hedging costs and hurt origination margins. But net income to common shareholders almost matched that seen during the previous quarter.

• Newrez settles complaint with HELOC fraud victims

  Shellpoint Mortgage Servicing said it "unfortunately" ok'd the transaction when an individual posed as a homeowner using state and federal identifications.