Servicing

The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.

The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.

Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments

Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.

AI is leaving its marks in a wave of recent pro se litigation with fabricated citations and debunked arguments found throughout lawsuits, attorneys say.

The merger will bolster existing safeguards against AI threats, while providing a tool that should appeal to young homebuyers, leaders of the companies said.

As the capital rule's comment period closes, some experts express concern about proposed changes that may impact nonbanks reliant on warehouse financing.

A trade group says it has few options to continue fighting a California statute increasing protections for borrowers and upping burdens for lienholders.

This industry executive finds subservicing mortgages impacted by rule changes and relatively higher delinquency rates helps test operations and keep them sharp.