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Although experts are predicting an active season, actual damages could be lower depending on how many storms make landfall and where, Corelogic reported.
May 31 -
The assumption process is highly manual and time consuming and the change from Dark Matter enables lenders to pull data from MSP back into the Empower system.
May 30 -
The Department of Veterans Affairs asked servicers to suspend foreclosures beyond May, with exceptions for circumstances like borrower readiness to proceed.
May 30 -
Fears that foreclosures and abandoned property rates could spike once Covid-19 moratoriums ended have not come to fruition, Attom Data Solutions said.
May 30 -
The Federal Housing Administration's clarification addresses interpretations of an 8th U.S. Circuit Court of Appeals decision that increased industry costs.
May 29 -
Unusual spikes in property taxes and insurance in many areas are causing servicing concerns that mortgage companies may not be used to managing.
May 28 -
Amid numerous late payment improvements, foreclosure sales and prepayments ticked up.
May 28 -
But some of the financial damage lenders have on mortgage originations comes from their own disclosure errors, Intercontinental Exchange added.
May 23 -
Professionals also must grapple with the issue of wanting liquidity on assets in an era of low production.
May 22 -
The Federal Housing Administration also instituted a new language preference requirement that servicers must observe in transfers.
May 20