Servicing

Households with no income or a debt-to-income ratio greater than 55% qualify for reinstatement of their loans plus up to three months of future outlays.

The slight increase was the first seen since May 2020, according to the Federal Housing Finance Agency's July report on the performance of loans backed by the government sponsored enterprises it oversees.

Origination activity dropped quarter-to-quarter by more than prior industry estimates, however.

Compliance is crucial in light of regulatory attention to mortgage companies' ability to provide continuity of care to distressed borrowers in particular.

The agreement, the lender and servicer's only such facility, is set to expire at the end of next September.

One man had paid bribes and kickbacks for improper sales of foreclosure properties, and another had engaged in ownership and wire fraud in a loan relief scheme, the courts determined.

California recorded the largest total of new starts, while Illinois, Delaware and New Jersey led all states in the rate of filings during the third quarter, according to Attom.

The link between digital servicing and marketing automation will disseminate information through efficient means, such as a short video that explains escrow analysis.

The automation is aimed at ensuring compliance-sensitive information gets transferred with an audit trail in an active MSR market.

Plans rolled out by a United Wholesale Mortgage and by Fannie Mae and Freddie Mac could cut costs, but the American Land Title Association warns that the tradeoff is less protection from certain risks.