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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.
July 18 -
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.
July 18 -
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.
July 17 -
Further efficiencies could aid servicers, and improved performance may be a reason for lenders to open the credit box, experts at an Urban Institute event said.
July 16 -
The Congressional Budget Office acknowledged limitations in its research of expected flood damage data.
July 16 -
A Rocket Mortgage securitization is the first private investor deal with a high share of e-notes, and the company is considering use with another loan product type.
July 15 -
Property insurance and taxes account for over one-third of current loan performance risk, according to Auction.com's recent survey of default servicing leaders.
July 12 -
Second quarter margins at the three big banks were lower versus three months' prior, missing Keefe, Bruyette & Woods expectations of a flat comparison.
July 12 -
On the whole, foreclosure times are back where they were before the pandemic, but in one state the average is over 10 years, according to Attom's latest data.
July 11 -
The descriptions for remedies and indemnification have the most significant changes and more details were added throughout.
July 10