Servicing News from National Mortgage News

If Experian eventually charges for VantageScore 4.0, it will be offered for at least a 50% discount compared to what Fair Isaac Corp. charges for its FICO score.

Fannie Mae and Freddie Mac's credit risk-transfers and some older private-label mortgage-backed securities have exposures to the Washington DC area.

Rate-and-term transactions leaped by 154% from August to September, while cash-outs and purchase loans also increased, according to Optimal Blue.

Some lenders have a workaround for the Federal Housing Administration's suspension of reverse mortgage endorsements but fewer options exist in other instances.

Roughly 100,000 properties in the United States had a foreclosure filed in the third quarter this year, an increase on a quarterly and yearly basis, ATTOM said.

Affordability has improved and rate drops have exposed millions to incentives, but many more must wait for a break, ICE Mortgage Technology found.

The NCUA, as liquidating agent for three failed corporate credit unions, sued in 2018 claiming U.S. Bank failed to perform its role as RMBS trustee.

In a case mentioned alongside one decided by the U.S. Supreme Court, by 2-1, the judges said they could not overturn a past decision on California's escrow law.

The loan boarding dataset aims to identify potential problems early during the transaction's setup to avoid slowdowns after origination is completed.

The partnership centers on a master purchase agreement for a portfolio of mortgage servicing rights that the real estate investment trust is buying.

A group of homeowners filed a class action lawsuit against the largest homebuilding company in the United States, seeking all money lost.

A stock offering or conservatorship exit could raise loan costs in some contemplated scenarios, a Stanford Institute for Economic Policy Research study finds.

The shutdown started with a flight into treasury bonds, putting downward pressure on financing costs, but several other developments slowed mortgage activity.

Former Mr. Cooper CEO Jay Bray will become Rocket Mortgage's president and CEO as the $14.2 billion transaction closes in just six months after announcement.

The FHA extended the mandatory implementation date for technical updates but things are still changing on Oct. 1, when the government could shut down.

A potential government shutdown could create unprecedented risks for housing, delaying data releases, and affecting markets more than past shutdowns.

How decisions in construction and property oversight can reshape multifamily loan performance.

Jerry Halbrook, who also held key roles at a number of mortgage lenders like Pennymac and Nexstar, has been named president and COO of Covered Insurance.

The latest reports from ICE Mortgage Technology and VantageScore appear to be in line with hints at growing borrower pressure officials are eyeing in policy.

The bipartisan bill, previously brought up in Congress' lame duck session, got the Mortgage Bankers Association and Broker Action Coalition's support.