Most Recent Servicing News

VA partial claim draft arrives with detail sought on limits

VA partial claim draft arrives with detail sought on limits

The Department of Veterans Affairs put a long-awaited policy for a new, temporary borrower assistance option out for comment this...

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A K-shaped split is emerging in mortgage delinquencies

A K-shaped split is emerging in mortgage delinquencies

Mortgage delinquency rates were up in the fourth quarter, with sharper increases in areas with rising unemployment rates and falling...

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Pennymac 4Q results affected by shifting mortgage rates

Pennymac 4Q results affected by shifting mortgage rates

PennyMac Financial Services fourth quarter earnings were affected by the lower interest rate environment in the quarter, coming in higher...

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Warren seeks records on ‘zombie’ second mortgages after crisis

Warren seeks records on ‘zombie’ second mortgages after crisis

A key Senate leader is requesting records surrounding the cancellation of second mortgages following the Great Financial Crisis and asking...

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US home equity drops $374B as underwater mortgages rise

US home equity drops $374B as underwater mortgages rise

Borrower equity in the U.S. saw a third-quarter pullback, while a corresponding increase in underwater mortgages is raising concerns about...

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FHA borrowers face growing payment challenges

FHA borrowers face growing payment challenges

Mortgage delinquencies increased by 6 basis points from the second quarter, as the performance of Federal Housing Administration-insurance loans declined,...

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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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