Servicing

One of the secondary market alternatives the Federal Home Loan Banks of Chicago and Indianapolis offer has a new servicing partnership with PHH, and interest in further cultivating their community lending potential is growing.

Most distressed borrowers who obtained adjustments to their payment amounts saved more than 20% in the first quarter, according to the Federal Housing Finance Agency.

Climate change is increasing the frequency of wildfires, hurricanes and severe winter storms; yet in areas most vulnerable to them, property value growth exceeds the national average, a new report finds.

The package of Fannie Mae, Freddie Mac and Ginnie Mae MSRs has some unusual geographic concentrations and a nearly 2.63% delinquency rate, including foreclosures.

The newly revealed victims were affected by the previously disclosed cyberattack, which went undetected for 41 days between September and December.

Foreclosure starts also fell, coming in below pre-pandemic pace, according to Black Knight.

Following the third most active season on record, the 2022 forecast predicts La Niña will drive increased Atlantic storm development.

Rising interest rates and emergence from pandemic contingencies could put increased strain on the ability to repay, but signs of near-term loan performance stress have been limited.

As fewer mortgage borrowers remain impacted by the COVID-19 pandemic, the subservicer elected to reduce the capacity it added over the past two years.

The insurer’s stock has consistently been above its initial $19-per-share price, unlike those of the mortgage originators who recently went public.