National Mortgage News (Servicing) RSS
-
What lender-servicers should know about a new state process
Mortgage lenders with servicing operations will have more access to automation that cancels surety bonds soon and will need a new registration to accommodate it.
-
Change Co. sues servicer over multiple nonpayments
The lawsuit accuses Village Capital of failing to pay full price for servicing assets and refusing to reimburse Change for a large Ginnie Mae payment.
-
Payment-to-income trends seen as mortgage risk indicator
By looking at the payment-to-income ratio on credit cards, as well as student loans and HELOCs, Transunion says servicers can predict future delinquency trends.
-
Mr. Cooper servicing fee passes legal muster
Borrowers argued the servicer's $25 charge for expedited payoff quote statements is a "junk fee" and violates federal and state consumer protection laws.
-
GSEs' regulator allows Rocket-Mr. Cooper combo with caveats
The government-sponsored enterprises' oversight agency will require the merging mortgage giants to have "appropriate financial and operating safeguards."
-
Cook allegations suggest new mortgage fraud priorities
The accusations could have broader implications for secondary market supervision as technology potential improves the speed at which detection can occur.
-
Why the next rate drop could unlock a $300B+ refi wave
Fed cut talk fuels hopes of lower mortgage rates. A drop could expose multiple buckets of $200B–$300B in MBS to refi risk, shifting the mortgage market.
-
Gen Z, millennials struggle with housing costs
A Redfin survey found that no matter what age demographic, owners are in a better situation to make their payments compared to renters.
-
Trump foes' cases spotlight occupancy fraud risk
Here's what industry experts have to say about a risk that a housing regulator has spotlighted through referrals that have led to high-level allegations.