Servicing

The credit grader lowered Brookfield Property's score by two steps to BB from BBB-, the lowest level of investment grade, and the rating remains on negative outlook.

FHA-insured and Department of Veterans Affairs-guaranteed mortgages bear watching next year, according to Intercontinental Exchange.

With a tough winter predicted for lenders, servicers may struggle making timely principal and interest payments to investors, industry stakeholders warn.

Over 200 employees will be let go as of Feb. 16, 2024, according to an Illinois WARN notice.

Relying on hope, as implied in the "survive until '25" slogan, is not a business strategy that will get a company through the year.

Both past and present customers were impacted by the data breach.

Lawyers for the plaintiff maintain the companies should have been on notice of inadequate security measures after a reported data breach in 2022.

A cyber attack in late 2021 affected over 4 million consumers across three companies.

More borrowers are taking action but lack good information, Fannie Mae finds. Meanwhile, premiums are up yet insurers struggle to profit, a separate KBRA study shows.

The top five banks have a combined mortgage servicing volume of more than $28 billion at the end of Q3 2023.