Servicing

Late-stage mortgage delinquencies hit the highest level since January 2020 in September, a new report from VantageScore found.

Lenders and investors say the new rules will increase the cost of financing and limit homeowners' access to equity by curbing the enforceability of contracts.

RoundPoint's corporate parent generated positive comprehensive income with the legal expense excluded and expanded its subservicing activity.

Malloy Evans and Danielle McCoy are moving on as both Williamson and Tom Klein, deputy general counsel, take on their respective responsibilities for now.

The industry analyst also described the significant refinance opportunity should rates decline slightly, and the threshold where home prices soften or firm up.

FHA loans accounted for about half of the annual rise in foreclosure starts and 80% of the rise in active foreclosures in September, according to ICE.

This is the second acquisition deal Old Republic has been involved in this year, after selling its title production business in January.

Decreased homeowner equity corresponds to recent declining prices reported by leading housing researchers, but tappable amounts still sit near record highs.

Forbearance or refinancing may help some, workarounds can keep many mainstream loans moving and one type of uncertainty does have an upside for rates.

The company's servicing valuations fell but by less than in previous quarters. Lower rates both aided production and created recapture opportunities.