National Mortgage News (Servicing) RSS

• Wells Fargo expands servicing relationship with ICE

  The agreement expands the top-5 bank servicer's relationship with the technology company, claiming it brings its full portfolio to the MSP platform.

• Servicers may need to rethink loss mitigation as defaults rise

  Servicers may need to use some of their less common risk management tactics rather than solely relying on borrowers holding significant equity, Andy Walden said.

• MSR accounting proposal creates standard for recapture

  The guidance reflects a mortgage servicing rights market that has broadly included the customer value in refinancing for over a decade, experts say.

• Conforming short-term delinquencies spike in second quarter

  GSE loans between 30 and 59 days late on their payments saw a 13 basis point rise in delinquency rates, while most non-agency MBS types saw annual increases.

• State arrears show need to manage niche servicing: Cotality

  A new report reveals the toll delinquency runups took on two states with FHA concentrations, and ways mortgage companies can reduce these types of concerns.

• Sharma's promotion at Sagent sets up next phase for Dara

  Besides promoting Sridhar Sharma to CEO from president, the company named Andrew Bon Salle, ex-Fannie exec, as its new chairman, both replacing Chris Marshall.

• AI deal roundup: 12+ partnerships lenders must track

  Attom expanded its artificial intelligence platform, eLend partnered with Ready4Remodel to increase renovation financing and Keller Williams teamed up with Rejig.ai.

• Property claim volume falls but payouts become costlier

  A series of tornadoes and severe hailstorms across the Central U.S. turned Midwestern states into claims hotspots in the second quarter, according to Verisk.

• BofA: Add GSE scores to models to predict delinquencies

  The release of Fannie Mae and Freddie Mac's internal metrics support this process, but other measures will still be needed, according to Bank of America.