Servicing

In 2022, 52% of the U.S. population lived in families that are unable to "pay for all the goods and services necessary to fully participate in today's economy and society without cutting back, as well as save money for emergencies and the future," the study found.

Litigation filed by the company points to a total of $30 million losses that have yet to be covered by its insurance partners, including Berkshire Hathaway.

Homeowners in areas affected by Hurricane Sandy have already seen growth in their property values lag behind the national median.

The Federal Housing Administration reported a 96 basis point increase in its capital ratio for fiscal year 2023, and lenders want more changes to the program.

Private-label securitization volume increased 75% this year versus 2023; conditions are right for that to continue, KBRA said.

Lower rates during the period helped independent mortgage bankers make money on their originations but they posted losses on servicing.

Freedom Mortgage CEO Stan Middleman weighs in on the Fed, servicing policy, and broker-to-banker moves as he comments on challenging career experiences in his new biography.

A Pennsylvania federal judge ruled that HUD's handbook allowed, but did not require servicers to offer partial claim workarounds in tandem with funds from HAF.

The real estate investment trust reported a GAAP loss and thin earnings available for distribution as a result of market shifts that also affected some peers.

Foreclosures were up month to month in October, while future indicators, such as mortgage delinquencies and trouble making all debt payments, came in higher as well.