National Mortgage News (Servicing) RSS

• Fannie Mae expanding title waiver pilot, Pulte says

  The government-sponsored enterprise has reportedly added a new vendor to a test in which it buys certain loans without title insurance or attorney opinion letters.

• HUD, lenders offer aid after deadly Texas floods

  Lenders and other businesses active in the state also stepped up with large donations and charitable campaigns in the days following the flooding disaster.

• How Onity Group is making use of AI

  Onity Group's Jack Cavanagh describes how data science has changed processes in the mortgage industry and what type of misconceptions still exist about AI.

• FHA borrowers face mounting mortgage pressure

  As the housing market cools, a rise in delinquency rates and underwater mortgages could be a foreboding sign for the future.

• Property tax revenue comes in at over $203B in first quarter

  The pace of revenue growth slowed toward the end of 2024, with the trend continuing into the first three months of this year, NAHB reported.

• Capital One confirms Discover home equity shutdown

  Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.

• Newrez sues over 'confusingly similar' use of business name

  Newrez is suing Shellpoint Mortgage Servicing LLC for using a name that looks like one it has utilized as a d/b/a, which it says has caused confusion.

• Gen Z and other homeowners to delay repairs due to economy

  The inability or unwillingness to make needed renovations affects mortgage servicers by diminishing the value of their real estate collateral for the loan.

• CFPB terminates 2024 consent order against Fay Servicing

  A Consumer Financial Protection Bureau "waives any alleged noncompliance" by the mortgage company while continuing to dole out redress to borrowers.