Servicing

Market conditions drove the management team at Ellie Mae to take the company private back in 2019. Could the nation's largest servicing technology provider be considering the same thing?

Servicers of Fannie Mae- and Freddie Mac-backed loans should hit pause for up to 60 days once they know the borrower has sought relief, according to the Federal Housing Finance Agency.

But experts continue to downplay the extent of the risk of a housing bubble.

The Consumer Financial Protection Bureau argues borrowers in the case had a right to answers even if the inquiries were origination related and foreclosure litigation was pending.

The move would align the Federal Housing Administration with other agencies, including Fannie Mae, Freddie Mac, the USDA, and the National Credit Union Administration.

Laws in at least a dozen states allow municipalities or investors to acquire valuable property to satisfy tax liens far below the asset’s value, a legal organization said.

Now that rates are up and originations are down, mortgage servicing rights can be an increasingly important source of cash and customers for lenders.

The new futures contracts can be used to mitigate risk on both the origination pipeline and the mortgage servicing portfolio.

The scheme highlights a risk that could grow as distressed borrowers exit forbearance.

The Federal Housing Administration confirmed the exclusion of real estate taxes and hazard insurance premiums, and discussed timelines.