National Mortgage News (Servicing) RSS

• Guild Mortgage reports strongest year of growth since IPO

  Origination volume at the San Diego-based company rose 57% to $24 billion in 2024.

• FHA updates foreclosure ban for Los Angeles County wildfires

  Scott Turner, secretary of the Department of Housing and Urban Development, extended borrowers more leeway after he toured the region with a local official.

• Banking groups clash over state vs. federal escrow rules

  A coalition of national financial organizations filed a friend-of-the-court brief for preemption after regulators filed one against it in a key servicing case.

• ICE Mortgage Technology rolling out new servicing functions

  The automation provider plans to unveil functionality at its upcoming user conference aimed at improving new loan boarding and investor reporting processes.

• Freddie Mac adds more redefault measures to servicer profile

  Metrics the influential government-related mortgage investor is adding appear to be in line with a broader move to examine the impact of serial loss mitigation.

• LA fires magnify climate risks to mortgage industry

  As climate change causes more frequent disasters, more mortgages are at risk of going underwater. How can banks limit their exposure?

• House Democrats to demand more information on HUD cuts

  Rep. Maxine Waters, D-Calif., the Committee on Financial Services' ranking member and other members of her party plan to confront HUD Secretary Scott Turner.

• Property-insurance premiums rise a record amount

  The jump, which represents an ICE Mortgage Technology survey high, reflects the past cost of natural disasters like hurricanes in the Southeast.

• Rocket soars with Q4 earnings, CFPB win, and rebrand boost

  Company executives touted the immediate returns from its rebranding and Super Bowl advertising campaign, with February activity exceeding expectations.