National Mortgage News (Servicing) RSS
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Waterstone Mortgage has best quarter in two years
The second quarter for the subsidiary of Waterstone Financial posted its highest net income since the same period in 2022, while its volume was the most in seven quarters.
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Mr. Cooper buy of Flagstar servicing tilts the scales toward nonbanks
Third-party origination operations are also going to Mr. Cooper in the $1.4 billion deal, in which the seller cited interest in improving its capital position.
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Servicer satisfaction up but so is the potential for distress
The annual J.D. Power mortgage servicer study found a six-point rise in the industry average score but also that consumer financial health slipped downward.
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Mortgage performance indicators change gears in two reports
Forbearance rose for the first time since October 2022 in one report. Delinquencies jumped from a near-record low in another. Experts debate the ramifications.
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What a destructive hurricane season means for the mortgage industry
Climate change is leading to an increase in frequency of catastrophic weather events, causing property damage and issues with homeowners insurance.
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Pennymac posts steady profits, adds brokers in 2Q
Sluggish gain-on-sale margins however were the result of competitive pricing in the market, the company said.
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ICE's Encompass impacted by CrowdStrike incident
The Department of Housing and Urban Development and the Nationwide Multistate Licensing System also reportedly had disruptions.
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What will happen to credit risk transfers after November?
The election reflects a battle between two administrations that have had different philosophies on risk sharing the GSEs do with private investors.
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What post-Chevron financial regulation will look like
With the landmark Supreme Court decision overturning Chevron USA v. National Resources Defense Council, much of the rule making by the Federal Reserve Board, the SEC, HUD and other agencies is now open to attack, writes the Chairman of Whalen Global Advisors.