Servicing

The share of late payers who did not ask for COVID-19-related relief varied widely at 16 servicers surveyed by the the Consumer Financial Protection Bureau.

The two-pronged agreement also will add Figure's mortgage servicing rights onto Sagent's platform.

Trends on loans 90 days or more late on their payments reinforce other indicators showing the pandemic-driven growth in late payments is moderating, according to a new CoreLogic report.

Nearly half the country saw foreclosure starts rise year-over-year during the final month of the moratorium, according to Attom Data Solutions.

The company attributed its second quarter loss to competitive pricing pressures and GSE-imposed charges.

Landlord groups have challenged the policy, arguing that the administration bowed to political pressure even though it knew the eviction freeze wouldn’t pass muster with the courts.

The congresswoman urged the Federal Housing Administration to double the six-month term it offers for more recent forbearance requests.

The company’s $204 million in net income was down from unusual highs seen recently but still historically strong thanks to the balance between its loan channels and servicing operation, representatives said.

Increased purchase lending and added pressure from Fannie Mae and Freddie Mac’s new loan limits should drive the likelihood of borrower misrepresentation.

The company has been making investments in correspondent originations and servicing and “reverse” loans used by borrowers age 62 and up to withdraw home equity.