National Mortgage News (Servicing) RSS

• Finance of America expands second-lien product's reach

  The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.

• HUD watchdog alleges mishandling of partial claims

  The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.

• UWM concedes but defiant in its views on Two Harbors' board

  A dividend cut is what some feel likely to be next for UWM, in order to reduce leverage levels which are well above competitors Rocket and Pennymac

• Appraisal scam leads to $65M worth of defective loans

  A Florida appraiser faces decades in prison after taking another's identity and claiming he conducted on-site inspection reports while based abroad.

• NEXA's owner launches mortgage servicer to benefit LOs

  Mike Kortas is looking to keep loan officers in the loop through the entire mortgage loan customer lifecycle and beyond, with the launch of evoLend.

• Attorneys: Lenders unprepared for lawsuit wave

  Artificial intelligence is fueling litigation risks, from consumer lawsuits against servicers, to more repurchase requests, and vulnerabilities through vendors.

• Two Harbors shareholders finally approve CrossCountry deal

  The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.

• Why roofs are failing faster—and claims are rising

  Increasingly powerful weather trends are lowering the lifespan of roofs in the hardest-hit states, according to AI analysis by Nearmap.

• Bank loan mods rise 7.1% as FHA, VA rules shift

  The rise in completed modifications occurred as many other loan performance indicators plateaued, and may reflect the temporary impact of recent rule changes.