FHA Urged to Adjust Loss-Mitigation Proposal July 6, 2023 Monica Hogan The existing partial claim option isn’t effective because interest rates are so much higher now than when most FHA borrowers signed their present mortgage, analysts at the Urban Institute noted.Read More
Mortgage Companies Look to Tech for Help on Costs June 29, 2023 James Dohnert Both lenders and servicers are looking into automation to help reduce costs.Read More
Short Takes: FHA Updates Multifamily Loan Limit / Minority Borrowers Recovering After Forbearance / HPA Outpacing Wage Growth / Home Price Outlook June 29, 2023 Brandon Ivey FHA is making moves on multifamily loans...Read More
CFPB, Payment Provider Settle Over Erroneous Mortgage Payments June 27, 2023 Sam Manas The CFPB settled with ACI Worldwide and subsidiary ACI Payments over 1.4 million illegal mortgage payment withdrawals.Read More
Catching Fire: Higher-Coupon MSR Deals June 26, 2023 Paul Muolo Another dealmaker said he’s working on a “large” deal with a coupon north of 5.00% but the details have yet to be worked out.Read More
Short Takes: A Rare Jumbo MBS / Data Standardization / Delinquencies Decline / Home Price Outlook June 23, 2023 Brandon Ivey Only two jumbo MBS hit the market in a 30-day span. Both were from Chase...Read More
Planet Home Acquires $10 Billion in Ginnie MSRs June 22, 2023 Brandon Ivey The acquisition boosts Planet Home’s servicing portfolio to $94 billion.Read More
Short Takes: MSR Offerings / Support for New ‘Trigger Lead’ Bill / Housing Inventory Hits Record Low / CRT From Freddie June 21, 2023 Paul Muolo and Brandon Ivey Plenty of MSRs available for sale.Read More
Numerous Regulatory Changes Involving FHA in the Works June 20, 2023 Monica Hogan More than a dozen actions are planned in the coming months.Read More
Wells Holds On to Top Servicer Spot June 16, 2023 John Bancroft Wells Fargo could be dethroned as the largest mortgage servicer shortly.Read More
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