Servicing

The Foreclosure Abuse and Prevention Act has reportedly stopped one company from buying loans in the New York, others are said to be paying less for them.

Premiums for property insurance have risen over 69% since 2019, far outpacing other components of the monthly mortgage payment, ICE Mortgage Technology found.

Mortgage delinquency rates increased versus the second quarter of 2024, with certain markets, especially in the South, reporting higher levels of difficulty.

More borrowers who locked their loans with higher financing costs could refinance and buyers may come in at the margin, former Fannie Mae economist said.

The Federal Housing Administration also is removing personally identifiable information from the electronic data set and improving cybersecurity more broadly.

A Tuesday night deadline has passed and some investors in certain senior notes now have a new expiration date for the closing of the tender offer and exchange.

Mortgage lenders with servicing operations will have more access to automation that cancels surety bonds soon and will need a new registration to accommodate it.

The lawsuit accuses Village Capital of failing to pay full price for servicing assets and refusing to reimburse Change for a large Ginnie Mae payment.

By looking at the payment-to-income ratio on credit cards, as well as student loans and HELOCs, Transunion says servicers can predict future delinquency trends.

Borrowers argued the servicer's $25 charge for expedited payoff quote statements is a "junk fee" and violates federal and state consumer protection laws.