Non-agency MBS master servicing volume has steadily grown at Newrez since Rithm Capital launched the effort in 2023.

Truist hasn’t issued a similar deal since its formation by merger. And U.S. Bank is marketing its second commercial and industrial loan CRT deal of the year.

Experts say financial incentives and public indifference contribute to the prevalence of occupancy fraud, but that the difficulty of proving intent limits prosecutions.

FHFA Director Bill Pulte raised concerns about unidentified risks posed by credit unions to financial markets.

Nonbanks aren’t exactly in a rush to hire new workers these days even though conventional rates are the lowest they’ve been in almost a year.

A district court had ruled in favor of the subservicer, noting that the borrower lawsuit was “no more than a billing dispute.”

A change to language guiding the application of partial payments to a delinquent FHA mortgage creates a conflict with the first legal deadline for servicers to begin foreclosure proceedings, said Donna Schmidt, managing director at DLS Servicing.

The Department of Housing and Urban Development included a proposed rule in its spring regulatory agenda to restrict the steel chassis requirements for manufactured housing to the bottom floor of a multistory structure.

Lenders and consumer advocates urged FHA to study the financial habits of users of buy-now-pay-later services before making policy changes to how the accounts are used in mortgage underwriting calculations.

FHA will begin transitioning appraisal forms to the Uniform Appraisal Dataset 3.6 in the spring.