Servicing

The annual J.D. Power mortgage servicer study found a six-point rise in the industry average score but also that consumer financial health slipped downward.

Forbearance rose for the first time since October 2022 in one report. Delinquencies jumped from a near-record low in another. Experts debate the ramifications.

Climate change is leading to an increase in frequency of catastrophic weather events, causing property damage and issues with homeowners insurance.

Sluggish gain-on-sale margins however were the result of competitive pricing in the market, the company said.

The Department of Housing and Urban Development and the Nationwide Multistate Licensing System also reportedly had disruptions.

The election reflects a battle between two administrations that have had different philosophies on risk sharing the GSEs do with private investors.

With the landmark Supreme Court decision overturning Chevron USA v. National Resources Defense Council, much of the rule making by the Federal Reserve Board, the SEC, HUD and other agencies is now open to attack, writes the Chairman of Whalen Global Advisors.

A planned update to the core Reg X servicing rule is needed but the industry wants more time to eye it with several new proposals pending in an election year.

Gow's addition is the latest major leadership development at the firm, which also named a new chairman and CEO this year but saw the recent departure of its chief technology officer.

The proposal would add reforms aimed at broadly prioritizing owner-occupant access and end the "test" or "demonstration" mode these sales have been in since 2002.