Two weeks back, United Wholesale Mortgage removed a 25 basis point charge it levied on conventional conforming loans when the borrower opts to manage his or her own real estate taxes and homeowners insurance. (Those payment chores are usually handled by the servicer.) Since making the change, escrow waivers have jumped 12 percent at the nation’s largest wholesaler/broker lender. Company CEO Mat Ishbia declared that other lenders should follow suit if they haven’t already. “I think that overall this is good for the industry as a whole,” he said in an interview. For now, the reaction to UWM’s fee waiver has been...

CFPB examiners will review a sample of servicing records for loans transferred within the previous year…

Refi specialists could be in for a word of hurt...

Over the past few weeks, rumors have circulated that the privately held RPM was buying American Eagle...

Schneider has until midnight Dec. 9 to accept the severance offer from Walter Investment Management Corp., the nation’s eighth largest residential servicer.

The bulk servicing market has been quiet lately. But all that could change soon...

Fannie Mae added: “Through these actions we have demonstrated our continued dedication to providing quality care to all communities. And we remain firmly committed to continuing to provide such attention to our REO properties moving forward.”

The volume of jumbo mortgages outstanding rose to an estimated $892.4 billion as of the end of September…

Cowen adds the nomination “also leaves the door open to FHA premium cuts, though the real driver of that will be the pick of an FHA commissioner.”

Cowen & Co. believes there’s now a 65 percent chance that GSE reform will happen over the next two years.