Servicing

Mortgage rate trends in late 2025 led the lender into the red in the fourth quarter, even as Newrez originations picked up from the prior quarter and year.

Mortgage subsidiary Newrez expects to begin moving borrowers onto the platform by 2027, with the deal marking its second major tech investment this year.

Preemption would hurt affordability for many, the Conference of State Banking Supervisors and the American Association of Residential Mortgage Regulators said.

The high court, without comment, refused Emigrant Mortgage's appeal of a verdict holding it liable for no income, no asset verification loans to minorities.

The reverse mortgage companies squeezed thousands of dollars out of aging homeowners through various illegal fees, according to a new class action suit.

Competition that impacted margins and prepayments in excess of expectations were challenges during the period, but executives report first quarter improvement.

VA- and FHA-backed mortgages helped drive the increase in property volume, but sales did not maintain the same pace, according to Auction.com.

A Massachusetts borrower sued the servicer last year after she was surprised with a $200,000 mortgage bill, after 16 years of not receiving statements.

The pending agreement would resolve claims over a 2021 hack which affected 5.8 million customers of Lakeview, Community, and Pingora Loan Servicing.

Founding partner Bob Lyons will help ensure continuity. Frank Pallotta and Kathleen Koprowski will lead an advisory board for the auditing and consulting firm.