Servicing

As this year's natural disasters bring heightened attention to the cost and availability of homeowners insurance, servicers often find themselves caught in the middle when customers see premium hikes.

The process is still taking over two years on average across the country to complete.

The management changes come amid speculation that competition between Mr. Cooper and another player that's been more focused on digital operations is heating up.

Half a million single-family and multifamily homes in Tampa Bay and Sarasota are at risk of storm surge damage, Corelogic's report said.

The Consumer Financial Protection Bureau has voiced its support for consumers contesting a $25 statement fee on expedited payoff quotes.

Home prices are one driver. Other factors also have been exerting upward pressure on housing expenses that differ by region and lift the overall average.

Total insured wind and flood losses are predicted to be between $10.5 billion and $17.5 billion, according to CoreLogic. Earlier estimates placed the cost of insured damages between $3 billion and $5 billion.

Stephen Scherr starts this week as co-president at Pretium, a major landlord of U.S. single-family homes founded by his former Goldman colleague Don Mullen.

The incidence of at least four flood insurance payouts totaling $20,000-plus, or at least two totaling more than the building's market value, is growing.

Chief capital markets officer William Chang is stepping down "to explore new opportunities within the mortgage banking sector."