The double-pledge protection program offers lenders automated portfolio scrubbing to identify potential collateral overlap.

Pennymac’s deep expertise in servicing its own book of business uniquely positions the company to acquire subservicing giant Cenlar, according to industry analysts.

Lenders are examining opportunities to retain more servicing this year as originations are expected to stay steady.

Incidences of fraud and loan defects are increasing among refinances as production of the loans accelerates.

The company experienced a cyberattack Dec. 20 and took various systems offline to address the issue. System access started to be restored late last week and First American cautioned that sensitive data had been accessed.

ACI Worldwide accidentally charged Mr. Cooper customers for $2.3 billion in mortgage payments.

State Farm, the nation’s largest writer of home insurance, cited inflation, wildfire risk and a challenging reinsurance market as reasons for its exit from the home insurance business in California.

The slowdown in home lending offers companies an opportunity to bring on new vendors and change technology platforms. But does this apply to the specialized world of warehouse finance?

The move signals an aggressive effort by federal regulators to rein in consolidation in the mortgage tech industry. ICE said it is prepared to fight the FTC over the Black Knight deal.