Servicing

The new foreclosure prevention option will be available for servicers' use on a voluntary basis starting on July 1 and will become mandatory in situations where it's appropriate for borrowers beginning Oct. 1.

In total, around 98,000 loans with a principal balance of $31.8 billion are in the cover pools for the two new insurance-based transactions.

The company's rejection of the plan cost the homeowners a competitive rate last year as interest rates soared, their attorney alleged.

The related rewards are targeted to both new homebuyers and existing mortgage servicing clients.

A bill passed related to broker engagement contracts is similar to Utah's and North Dakota's, according to the American Land Title Association.

The company asserts that a settlement in a different case already released the claims at issue related to representations made in the Home Affordable Modification Program.

The migration of new financing for large Ginnie Mae issuers, from Credit Suisse to other firms, is a crucially important development for the mortgage market .

The bank's broader challenges, which include a run on deposits and difficulty selling loans without realizing losses, could affect the rating agency's assessment of its servicing.

In addition, delinquencies rose after receding the previous month, according to the latest report from Black Knight.

Concerns about a credit crunch in the market have highlighted mortgage lenders' reliance on other institutions for funding.