Servicing

New research by The Federal Reserve Bank of Philadelphia finds post-forbearance options falling short of payment-reduction goals set forth by FHFA and HUD.

Privately securitized mortgages made by these institutions have already exceeded 2021 levels, however some of the collateral lacks income verification, according to a new KBRA report.

Mortgage companies selling loans to the government-sponsored enterprise will be able to use the information for one type of employment check as well as to validate income and assets.

The numbers illustrate how quickly housing costs are increasing and the price buyers might pay if they wait to finance.

New changes do more to pave the way for electronic modifications and will open the government bond insurer’s program up to new applicants.

Servicers unfamiliar with the registry's requirements of having up-to-date policies and procedures in place are responsible for the increase in findings, MetaSource found.

Pingora Loan Servicing still hasn’t disclosed the full scope of last fall’s hack impacting at least 169,000 customers across four states.

Revenue was also slashed by lower per-employee productivity and slipping application pull-through.

Investors could gravitate to a company willing to invest in itself in a challenging market , but share repurchases have downsides.

While the number of loans with payments that have been late for three months or more has fallen, it’s still higher than in early 2020, according to Black Knight.