Servicing

Washington State charged Newrez after a consumer investigation, with the notice following recent enforcement action against Luminate Home Loans.

Mike Kortas will be adding a separate mortgage servicing company and hiring NEXA loan officers to assist with the process and give them customer insights.

The latest government-sponsored enterprise changes include a more flexible sampling and a longer maximum term for some manufactured housing loans, respectively.

The product preserves borrower's first mortgage, and its potentially lower mortgage rate, without requiring the new monthly payments of a traditional HELOC, FOA says.

Recent double-pledging scandals in auto lending and the U.K. put U.S. mortgage lenders on alert. Here's what to watch and how MERS, e-notes and electronic vaults can help.

The artificial intelligence-based technology automates manual processes associated with the financing, including draws, for homes under construction.

Warren called the administration's approach to the issue a "dereliction of its duty" and said she remained concerned for Americans at risk of losing their houses to debt collectors that revive the loans. 

The latest statement from UWM cited TWO's settlement with its former external manager and declared its management team to be driven by ego, not sound judgement.

The government MBS guarantor ended a 15-day advance notice mandate for extensions on a filing deadline so those with a March 31 due date can still ask for one.

The federal court rejected Flagstar's attempts for both a panel rehearing and an en banc hearing to overturn California's interest on mortgage escrow rule.