National Mortgage News (Servicing) RSS

• Cross-selling is key for ICE's success post-deal, it says

  MSP users who are not Encompass customers are a particular target and vice versa, ICE Mortgage Technology chair Ben Jackson said.

• Mr. Cooper sues vendor over costly servicing incident

  ACI Payments already agreed to pay a $25 million federal fine and fund a $5 million settlement to resolve seven class action consumer lawsuits when it accidentally triggered mortgage payment withdrawals.

• Mortgage performance improvements could end soon, Black Knight warns

  Serious delinquencies remain on the decline, but an increase took place in more recent buckets of 30 and 60 days.

• Washington's fretting over nonbank risk is misguided

  The threat of instability from that group is immaterial in comparison to the existential risk created by the U.S. Treasury, argues the chairman of Whalen Global Advisors.

• Problem mortgages growing for life insurers, AM Best says

  Since 2019, distressed loans have increased 77%, but it is just a small portion of the $691 billion currently outstanding.

• Lenders protest plan to include civil actions in counterparty suspensions

  The proposal by a regulator overseeing government-related loan buyers could cut companies with small infractions off from a key source of business, groups say.

• Fannie Mae's chief economist unpacks divergent views on housing

  Doug Duncan explains why different players in the market have such contradictory takes on the real estate market right now and how to reconcile their varying outlooks.

• Pennymac REIT may fund asset acquisitions with new notes

  The real estate investment trust arm of two affiliate mortgage-related companies could reduce other debt and finance purchases of loans, servicing or securities.

• Servicing platform Haven taps Figure leader as CEO

  The company allows borrowers to access a multitude of home services, promoting recapture and retention for both real estate firms and mortgage servicing rights inventors.