National Mortgage News (Servicing) RSS

• CrossCountry ups Two Harbors bid after new UWM proposal

  CrossCountry increased its agreed-to offer for the real estate investment trust by 50 cents per share, as UWM Holdings made an unsolicited bid on April 20.

• California bills would pause mortgage payments in disasters

  Alongside a bill that gives homeowners a year of forbearance after state-declared emergencies, lawmakers will consider extending wildfire-related moratoriums.

• Ginnie Mae pauses delinquency rules amid FHA waterfall shift

  The government guarantor aims to distinguish delinquencies reported as a result of a Federal Housing Administration rule change from broader market trends.

• Prepayments hit 4-year high after mortgage rates eased

  Delinquencies also showed signs of overall improvement in March, despite an increase in foreclosure numbers, ICE Mortgage Technology said.

• Trump says he'll probe banks over response to LA wildfires

  President Donald Trump said he would look into the actions of banks in their response to last year's devastating Los Angeles wildfires following a meeting with that city's mayor, Karen Bass.

• MBA renews press for limited single report as scores compete

  The Mortgage Bankers Association is recommending the option for Fannie Mae and Freddie Mac borrowers with strong credit with a tri-merge for others. Here's why.

• Distressed sales numbers show signs of market 'normalization'

  Foreclosure auctions available jumped on both a quarterly and yearly basis, but the sales rate did not move in tandem, according to a new report.

• Fannie, Freddie, FHA to accept VantageScore immediately

  The enterprises also still plan to add FICO 10T but the release of the historical data stakeholders in their market can use to assess it has taken longer.

• Maine introduces bill to 'effectively ban' HEI contracts

  The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.