National Mortgage News (Servicing) RSS

• Two expects $198.9M charge from external manager lawsuit

  The company anticipates a $139.8 million contingency liability and nearly $60 million related expense in a court battle with Pine River Capital Management.

• Why lenders should care about liner failures

  Uncover the key reasons why lenders should care about liner failures and how environmental risks can derail loan performance when ignored during review.

• Foreclosure filings up 14%, vacant property blight still low

  Demand is brisk enough that zombie home counts have stayed low, according to Attom, which is nevertheless keeping an eye on rising distressed mortgage activity.

• Tariff fears drive April auto, mortgage borrowing

  While mortgage originations increased, borrowers focused their attention on big-ticket items, as credit account balances flattened overall, Vantagescore said.

• CFPB backs off Mr. Cooper 'junk fee' lawsuit

  The regulator says its prior amicus brief, which cited the Fair Debt Collection Practices Act and sided with borrowers, was no longer valid.

• Altisource Portfolio looks to regain Nasdaq compliance

  The reverse stock split, consolidating eight shares into one, is designed to bring the Luxembourg-based company back into listing compliance on Nasdaq.

• VA-backed loans drive foreclosure spike

  Despite interest rate volatility, prepayment rates also increased, surging to levels last seen in October, according to a new ICE Mortgage Technology report.

• Guild Mortgage, Bayview Asset explore servicing M&A

  This potential transaction would be part of a broader trend of mortgage lenders and servicing players converging, such as Rocket's recent acquisition of Mr. Cooper.

• Calls for VASP reintroduction come from housing advocates

  The move comes as the House of Representatives passed a successor bill this week to support distressed homeowners served by the Department of Veterans Affairs.