Most Recent Servicing News

Experian responds to FICO, offers VantageScore 4.0 for free

Experian responds to FICO, offers VantageScore 4.0 for free

Amidst a credit score war, Experian has thrown the latest punch. The data and technology company will now offer VantageScore...

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Mortgages no longer top payment priority

Mortgages no longer top payment priority

Mortgages no longer sit atop the payment hierarchy, as distressed consumers are 19% more likely to pay their auto loans...

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How flooring choices affect mortgage appraisals

How flooring choices affect mortgage appraisals

Lenders evaluating residential properties often overlook the influence of surface-level features that directly affect valuation outcomes. Flooring is one of...

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Why homeownership dropped for first time in years: Harvard

Why homeownership dropped for first time in years: Harvard

A long-term rise in the homeownership rate ended last year, and the latest report from the Harvard Joint Center for...

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Mortgage servicers benefit most from FOMC’s inaction: KBW

Mortgage servicers benefit most from FOMC’s inaction: KBW

In the aftermath of the Federal Open Market Committee’s June meeting, certain interest rate spreads should narrow, but the overall...

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FHA streamlines distressed mortgage borrower rules

FHA streamlines distressed mortgage borrower rules

The Federal Housing Administration has revised updates planned for rules around contacting and offering options to distressed borrowers. The FHA...

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Rithm Capital files for SPAC public offering

Rithm Capital files for SPAC public offering

It is possible, though not highly likely, that a newly created special purpose acquisition company could be the way that...

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Servicers advise homeowners on next steps after LA fires

Servicers advise homeowners on next steps after LA fires

A resident whose house was destroyed speaks with a Federal Emergency Management Agency worker after the Eaton fire in Pasadena,...

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Fire razes LA enclave bigger than Manhattan

Fire razes LA enclave bigger than Manhattan

Three days after the fire began raging in the Pacific Palisades of Los Angeles, only 8% of it has been contained and...

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Rocket, Pennymac, UWM ratings upgraded by Fitch

Rocket, Pennymac, UWM ratings upgraded by Fitch

The bulk of more sizable, rated nonbank mortgage companies will start the new year on better footing than 12 months...

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