Defaults on home equity investment contracts can occur if the borrower’s mortgage is foreclosed on or if the borrower fails to maintain payments for taxes and insurance on the home.

The Mortgage Action Alliance issued a call to action to support H.R. 3507, the Yes in My Backyard Act.

Banks are pulling back on mortgage servicing for others, according to a recent Inside Mortgage Trends report.

The increase in early-stage delinquencies tracked an increase in unemployment.

“They’re probably getting it at a good price,” said one nonprime executive...

Freedom mortgage leaped over UWM and PennyMac in the latest ranking and analysis of government-insured mortgage originators.

JPMorgan Chase remained the largest bank in terms of servicing for others and increased its volume in the second quarter, a feat managed by only one other bank in the top 10. (Includes data table.)

With interest rates on mortgages set to come down, some lenders are looking to quickly adopt tech to help with originations. Blend Labs is seeing lenders use more of the tech vendor’s products and an automated refi offering is on the way.

Remote work increases for mortgage fulfillment; MISMO offers reference materials for ESG data; lenders frustrated with tech vendors; ICE updates Encompass; tech firms offer loan audits with AI.

What might a new owner of MBS/specialty servicer SPS do with the company? That’s hard to say, but it would appear growth is on the agenda.