National Mortgage News (Servicing) RSS

• L.A. fire issues loom as Southeast disaster damage ebbs

  As forbearance starts to rise due to the fires, servicers that have just gotten a respite from hurricanes recoveries will have to gear up again.

• Bold Ginnie Mae, FHA reforms the Trump team should consider

  Twenty-year mortgage terms and lower debt-to-income ratio would more responsibly support increased homeownership than many Biden-era initiatives says the co-director of the American Enterprise Institute's Housing Center.

• High rates, big bets: Trump's housing shake-up heats up

  With the Fed continuing to run off its balance sheet, both in terms of securities investments and reverse repurchase agreements, demand for risk-free collateral is rising even as production volumes fall, writes Whalen.

• What homeowners impacted by the LA fires should do

  Impacted borrowers should anticipate some breaks from insurance coverage and home loan payments, but timelines and relief funds could vary significantly.

• FHA updates distressed servicing policies

  The loss mitigation directives place limits on options and include a long ramp-up period that could accommodate future change from new leadership in Washington.

• FCC warns of sophisticated mortgage-related scam

  The FCC is advising homeowners nationwide to stay alert for scam calls impersonating their mortgage lenders, particularly if they have applied for loan relief.

• CFPB says flood risk for mortgages underestimated

  Financial profiles of borrowers in the coastal areas where insurance coverage is required vary significantly from at-risk homeowners inland, CFPB's analysis found.

• Wildfires prompt reckoning for homeowners insurance costs

  Californians have paid relatively less for coverage than homeowners in the storm-stricken Midwest and Southeast regions, according to Intercontinental Exchange.

• 20 banks with the largest mortgage subservicing volume in Q3

  The top five banks had a combined unpaid principal balance of nearly $1.8 trillion at the end of the third quarter of 2024.