Reporting on VA Loans Impacted by Natural Disaster. The Department of Veterans Affairs is cautioning servicers against reporting as delinquent VA loans that are impacted by a natural disaster. The electronic default notification (EDN) should only be reported prior to the 61st day of delinquency if the borrower intends to abandon the property or pursue an alternative to foreclosure, according to VA. Cite “property problems” as the reason for default, the agency added. On the 61st day of delinquency, servicers should use “casualty loss” as the reason for default when reporting the EDN. This will help VA identify loan defaults caused by a natural disaster. Texas USDA Guaranteed Housing Program See Increased Volume. The USDA guaranteed single-family guaranteed housing programs in the Lone Star State are experiencing significant volume increases, and consequently, ...

The deal is backed by jumbo reverse loans with a total unpaid principal balance of $571.8 million…

Meanwhile, the group of servicers ranked sixth through 25th had a combined increase of $119.9 billion from June 30…

Freddie said it expects to make the $2.6 billion dividend payment in December.

Year-over-year, United Wholesale Mortgage had the largest gain at 52.2 percent, based on originations through the first nine months of 2018.

Freddie Mac benefited to the tune of $200 million (pre-tax) by reducing the write-down on its net deferred tax asset...

Freddie CEO Don Layton said the CRT deals are “amazingly efficient…”

Fun fact: Consumers with their names in the email address were 30 percent less likely to default than other customers.

But putting the negativity aside for a minute, there are a couple of bright spots in the industry: Servicing valuations and non-QM lending...

Fannie Mae recently introduced a new tool – the Loan Servicing Data Utility platform – to simplify investor reporting.