National Mortgage News (Servicing) RSS
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New American Funding announces addition of One Goal Mortgage
The California-based lender announced Wednesday the addition of One Goal Mortgage, a branch serving the Omaha, Nebraska, metro area and Southwest Iowa.
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Newrez faces $4.2M penalty for servicing violations
Washington State charged Newrez after a consumer investigation, with the notice following recent enforcement action against Luminate Home Loans.
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How NEXA created a servicing-based incentive for LOs
Mike Kortas will be adding a separate mortgage servicing company and hiring NEXA loan officers to assist with the process and give them customer insights.
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GSEs ease prefunding rules, extend manufactured housing terms
The latest government-sponsored enterprise changes include a more flexible sampling and a longer maximum term for some manufactured housing loans, respectively.
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FOA launches new reverse mortgage line of credit product
The product preserves borrower's first mortgage, and its potentially lower mortgage rate, without requiring the new monthly payments of a traditional HELOC, FOA says.
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Double-pledging risk: What mortgage lenders should know
Recent double-pledging scandals in auto lending and the U.K. put U.S. mortgage lenders on alert. Here's what to watch and how MERS, e-notes and electronic vaults can help.
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U.S. Bank adds Built to manage construction loan activity
The artificial intelligence-based technology automates manual processes associated with the financing, including draws, for homes under construction.
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Warren seeks info from Trump administration on 'zombie' loans
Warren called the administration's approach to the issue a "dereliction of its duty" and said she remained concerned for Americans at risk of losing their houses to debt collectors that revive the loans.
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UWM doubles down on criticism of Two Harbor's management
The latest statement from UWM cited TWO's settlement with its former external manager and declared its management team to be driven by ego, not sound judgement.