Servicing

Home prices dropped again on a monthly basis in October, exacerbating the loss in home equity among recent buyers, but the size of the falloff was the smallest since June.

The company is in the final stages of its exit from this part of the MSR market.

The pushback the government insurer faced over the revised standards led it to delay deadline for implementation by a full year, to December 31, 2024

Measures related to how interchangeable their mortgage-backed securities are have drawn more focus since July when the Federal Housing Finance Agency added a fee that some fear could upset the balance.

The company had been the fifth most active Home Equity Conversion Mortgage originator year-to-date through October.

A class action complaint alleges Nationstar improperly denied the holders of a Federal Housing Administration-insured loan relief entitled under a pandemic option.

The year-end expiration date on two temporary measures designed to help older borrowers were pushed to December 2023.

In order to address contractor pricing issues, the property preservation and management firm is shifting to a self-performing model by opening a national network of regional centers.

While some year-over-year upticks have materialized, the benchmarks reported for September were still generally on par with or below pre-pandemic levels, according to CoreLogic.

As the share of forborne loans increased for the first time in more than two years, servicers are cautiously eyeing data trends but appear equipped to handle storm-related distress.