Servicing

Numbers the Federal Housing Finance Agency just reported for 2022 were the third lowest since the program began, and this year's probably won't be high either.

The shape it takes could have implications for how Fannie Mae and Freddie Mac price loans for nonbanks and depositories.

One in every 123 purchase applications showed indications of fraud in the second quarter, outpacing the first, the report found.

Seventeen companies showed off their latest tech aimed at streamlining the lending experience.

The class action case, first brought up in 2020, accused Lakeview Loan Servicing and LoanCare of violating the Texas Debt Collection Act by charging "junk" fees.

The company is in a bidding war for Sculptor Capital, which in turn is supposed to unlock a spin-out for the mortgage business that this transaction helps build.

In July, month-to-month missed payments increased but improved on an annual basis because a lower share of borrowers were 90 days or more late.

MSP users who are not Encompass customers are a particular target and vice versa, ICE Mortgage Technology chair Ben Jackson said.

ACI Payments already agreed to pay a $25 million federal fine and fund a $5 million settlement to resolve seven class action consumer lawsuits when it accidentally triggered mortgage payment withdrawals.

Serious delinquencies remain on the decline, but an increase took place in more recent buckets of 30 and 60 days.