National Mortgage News (Servicing) RSS

• Ruling reshapes foreclosure challenges in New York

  The decision in a New York case that is also undergoing federal review puts pressure on related parties to get things right within a statute of limitations.

• Zillow deleting home climate risk scores reveals limits of flood, fire data

  In a world assailed by extreme weather, homeowners and purchasers need to know their property's vulnerability to wildfire or flooding. Ratings like those Zillow took down are a big improvement on often outdated federal flood maps and state wildfire maps.

• Milliman buys Morvest in deal that deepens MSR expertise

  The provider of actuarial-related services is bringing a company that provides mortgage servicing rights analytics and risk management into the fold.

• Senate Democrats want FHFA chief Pulte to testify by January

  Federal Housing Finance Agency Director Bill Pulte should be called to testify before lawmakers no later than the end of January, the Democratic members of the Senate Banking Committee wrote in a letter Friday to Republican Chairman Tim Scott.

• Vacancies fuel a rise in commercial loan delinquencies

  Delinquency trends split in Q3, with securitized and agency loans showing more strain while banks and life companies saw small improvements amid uneven vacancy and rent conditions.

• Bank servicers lead new J.D. Power digital app rankings

  Bank of America was the leader in this study, with Rocket as the only nonbank mortgage lender which got a score higher than the industry average.

• Pennymac must face 'pay-to-pay' suit, judge rules

  A North Carolina homeowner says the large servicer's $6.75 fee for borrowers to make mortgage payments with a debit card violates a state debt collection law.

• National Flood Insurance launches faster quote portals

  Flood Quotes and the Flood Insurance Portal allows users to compare quotes and purchase policies directly through the platforms.

• GSE credit reform: Rent data impact on pricing and LLPAs

  What developments around rent reporting and new credit standards portend for mortgage companies. Part 2 of a series on government-sponsored enterprise changes.