Servicers are doubling down on their recapture strategies, but to an extent they might be racing the clock as borrowers lose satisfaction with their servicer over time, industry leaders said this week.
Ginnie Mae said it was working to implement changes to its monitoring frameworks recommended by the Government Accountability Office to curb the risk from the agency’s exposure to nonbanks.
AARP filed a class-action lawsuit against Celink and large home equity conversion mortgage servicers, claiming the parties violated state and federal laws.