Servicing

Along with the AI tools, ICE Mortgage Technology also added 16 exception-based automation servicing agents with directly integration to its servicing platform.

The real estate investment trust said it needed more time for shareholders to vote in favor of the transaction, following speculation it was in trouble.

The smaller business owned by asset manager EJF Capital reported servicing 5,351 home loans with an unpaid balance of $1.18 billion in 2024.

Borrower equity fell $78.8 billion, or 0.5%, year over year in Q4, according to Cotality's Home Equity Report. That's an average decrease of $8,500.

A group representing this part of the industry and a community lenders' association both called for more time to implement the legislative mandate.

The number of homes with default notices, scheduled auctions or bank repossessions last month was down from January but up 20% from a year ago.

Agency MBS investors have had limited information about primary loans coexisting with home equity products, and may want to get more now, according to Experian.

Residents in more than half of U.S. counties need greater than one-third of income to successfully manage major housing costs, according to new Attom research.

Nonagency underwriting is expanding but the public sector is a different story due to recent performance issues, according to the Mortgage Bankers Association.