National Mortgage News (Servicing) RSS

• Community lenders escalate Ginnie Mae transfer concerns

  Government-guaranteed securitization rules complicate servicing sales and are a growing problem for nonbanks, the Community Home Lenders of America says.

• More than half of Americans struggle to pay bills and save money

  In 2022, 52% of the U.S. population lived in families that are unable to "pay for all the goods and services necessary to fully participate in today's economy and society without cutting back, as well as save money for emergencies and the future," the study found.

• Mr. Cooper sues its insurance providers over cyber breach

  Litigation filed by the company points to a total of $30 million losses that have yet to be covered by its insurance partners, including Berkshire Hathaway.

• Will rising NFIP debts lead to a housing crash?

  Homeowners in areas affected by Hurricane Sandy have already seen growth in their property values lag behind the national median.

• How Trump's win impacts the 2025 RMBS outlook

  Private-label securitization volume increased 75% this year versus 2023; conditions are right for that to continue, KBRA said.

• How mortgage bankers performed financially in 3Q24

  Lower rates during the period helped independent mortgage bankers make money on their originations but they posted losses on servicing.

• How Stan Middleman's past informs Freedom Mortgage's future

  Freedom Mortgage CEO Stan Middleman weighs in on the Fed, servicing policy, and broker-to-banker moves as he comments on challenging career experiences in his new biography.

• Mr. Cooper swats away COVID-19 loss mit suit

  A Pennsylvania federal judge ruled that HUD's handbook allowed, but did not require servicers to offer partial claim workarounds in tandem with funds from HAF.

• Cherry Hill seeks better returns as volatility dents earnings

  The real estate investment trust reported a GAAP loss and thin earnings available for distribution as a result of market shifts that also affected some peers.