National Mortgage News (Servicing) RSS
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Shutdown cuts off flood insurance program during storm season
A lapse in the National Flood Insurance Program because of the US government shutdown threatens to snarl home sales in the nation's riskiest floodplains and leave some homeowners without coverage in the middle of hurricane season.
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Shutdown hampers rates, rural, HECM and niche condo loans
Some lenders have a workaround for the Federal Housing Administration's suspension of reverse mortgage endorsements but fewer options exist in other instances.
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Foreclosures tick up in Q3, signaling borrower stress
Roughly 100,000 properties in the United States had a foreclosure filed in the third quarter this year, an increase on a quarterly and yearly basis, ATTOM said.
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Thriving and adapting in the wholesale channel
How did Pennymac grow into a leading TPO player? Wholesale chief Kim Nichols describes the lender's rapid rise, and weighs in on the impact of trigger leads, LO
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New data shows where refinance incentives are growing
Affordability has improved and rate drops have exposed millions to incentives, but many more must wait for a break, ICE Mortgage Technology found.
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U.S. Bank, NCUA reach deal in Great Financial Crisis case
The NCUA, as liquidating agent for three failed corporate credit unions, sued in 2018 claiming U.S. Bank failed to perform its role as RMBS trustee.
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Flagstar mortgage escrow ruling upheld by Ninth Circuit
In a case mentioned alongside one decided by the U.S. Supreme Court, by 2-1, the judges said they could not overturn a past decision on California's escrow law.
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MISMO releases loan data guide and AI glossary
The loan boarding dataset aims to identify potential problems early during the transaction's setup to avoid slowdowns after origination is completed.
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Pennymac and Annaly forge new mortgage servicing alliance
The partnership centers on a master purchase agreement for a portfolio of mortgage servicing rights that the real estate investment trust is buying.