Servicing

Home loan servicers are watching other indicators like chargeoff rates in the auto loan and credit card sector for signs of trouble.

The government-backed acquisition heads off regulatory and financial concerns at a Swiss bank that could have affected overseas financial institutions that U.S. lenders count on.

The division independently manages credit-sensitive loans using automated analysis of factors that could affect processing and return on investment.

Though a handful of state programs were closed or suspended, most remain open and more than 230,000 households received the funds from the U.S. Treasury.

More employees are needed to manage the "sizable and complex" servicing from the defunct lender.

The Homeowner Flood Insurance Transparency and Protection Act would temporarily give consumers with higher rates the option to revert to previous lower pricing.

Despite ending 2022 in the red, the lender and servicer saw full-year profits exceed 2021's total.

Completions also declined in the short-term, but annually they rose sharply, suggesting that the lifting of some pandemic restrictions is allowing them to proceed.

The company was accused of not providing pandemic relief to at least 160 private mortgage borrowers in the state.

The new policy will provide more leeway to distressed borrowers, whose ability to get more affordable terms for their loans has been hamstrung by higher rates.