Servicing

Onity, the company formerly known as Ocwen, is adjusting its joint venture servicing investment vehicle and has taken other steps with the goal of deleveraging.

The disaster underscores Americans' dangerously low levels of flood insurance coverage, especially away from coastal areas. 

Specialized Loan Servicing allegedly charged borrowers $7.50 for processing mortgage payments made by phone. Most servicers, including Newrez, have axed this fee.

The 13 largest homeowners insurance underwriters denied almost half of their climate-related claims last year, adding to property owner and mortgage servicer woes.

Mortgage bankers feared a proposal related to lenders' access to a major secondary market and related reporting was too harsh. They're eyeing a redraft closely.

The changes will help servicers expedite submission of necessary forms needed in credit reporting disputes.

Servicers have been concerned about prepayments and delinquencies picking up in a lower rate environment, and both have been notably higher in the short term.

Awareness of disaster risk has increased in the public and private sectors, and it appears to be prompting more interest in home improvements in particular.

The Dallas-based nonbank lender has toned down its mortgage servicing rights activity amid numerous legal battles over alleged violations, but stands to gain much with $1.4 billion Flagstar deal.

MV Realty has offered real-estate contracts that call for consumers to trade upfront cash for long-term home sale restrictions, potentially hampering mortgages.