Servicing

The Department of Veterans Affairs has been patient about implementation, but budgetary considerations create some concern about the program's pace.

The REIT's Newrez arm suffered a servicing valuation hit, but reported gains across each of its origination channels.

RoundPoint Mortgage Servicing says in its motion to dismiss that the borrower was required to try to resolve the dispute prior to filing a legal complaint.

Nearing the first anniversary of its acquisition of Roundpoint, the company is focusing on MSRs and will now be known simply as Two.

About 48% of mortgaged residential properties fell into the equity-rich category, slightly down from a peak of 49.2% reported in the quarter prior, per Attom's report.

If customers perceive they are dealing with a scripted chatbot, they are likely to be less satisfied with their mortgage servicer, J.D. Power said.

California's Department of Financial Protection and Innovation is requiring registration by mid-February of debt settlement firms, earned wage access providers, private secondary education financing and student debt relief services.

The real estate investment trust and correspondent lender also anticipates improved subservicing costs due to a larger trend in the mortgage market.

The deal announced on Wednesday seeks to stabilize Boston's tax system, which relies heavily on commercial property revenue and has been thrown off balance by the slump in office demand. 

The company's earnings looked more favorable when adjusted for the one-time charge, and it reported record levels of liquidity during the quarter.