Countrywide Financial Corp., Calabasas, Calif., said Wednesday that it has been subpoenaed by the Florida attorney general's office, which is looking into its foreclosure practices, among other things. Florida joins several other states, including Illinois and Pennsylvania, that are reviewing allegations that the nation's largest lender/servicer charged excessive fees in regard to foreclosures and used high-pressure sales tactics in pushing payment-option adjustable-rate mortgages. Countrywide can be found on the Web at http://www.countrywide.com.
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Fast tracking closing and funding is the critical differentiator among lenders, the 2026 Mortgage-Home Equity Scorecard report from Keynova found.
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Close to one in four homeowners are currently making additional payments toward their mortgage principal beyond the monthly amount due, according to Rocket.
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The latest investor statements show the persistence of a trend in which one vintage has a higher rate of distress than others, Morningstar DBRS finds.
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The annualized new single-family home sales pace, an indicator of the U.S. Census Bureau's New Residential Sales report, declined in three of the last four months.
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Despite Treasury intervention to calm bond yields, persistent deficit pressure continues to trap mortgage rates, keeping application volume flat and squeezing origination revenue.
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Kastle lands another high-profile client, SWBC adds insurtech to its servicing platform, while other mortgage lenders also embark on new partnerships.
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