Most Recent Servicing News

Low vacancy directs lenders to Midwest zombie and investor stock

Low vacancy directs lenders to Midwest zombie and investor stock

A dearth of vacant properties means potential buyers may need to look for other opportunities in their search for a...

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Share of equity rich, mortgaged properties nears 5-year low

Share of equity rich, mortgaged properties nears 5-year low

The estimated share of mortgaged properties with at least half of their equity available has now officially sunk to a...

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States sue OCC over mortgage escrow interest pre-emption

States sue OCC over mortgage escrow interest pre-emption

A group of state attorneys general, led by Oregon and New York, are suing the Office of the Comptroller of...

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Large drop in new defaults may signal reprieve for servicers

Large drop in new defaults may signal reprieve for servicers

A performance measure for Federal Housing Administration-insured loans improved markedly in the past month, according to the latest numbers from...

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Annaly buys non-QM, agency servicing opportunistically in 2Q

Annaly buys non-QM, agency servicing opportunistically in 2Q

Annaly Capital Management’s purchases of loans and servicing contributed to a profitable second quarter above most consensus estimates, but its...

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31 of 50 riskiest housing markets cluster in 4 states  

31 of 50 riskiest housing markets cluster in 4 states  

Of the 50 U.S. counties with the risk for distressed properties, 31 are concentrated in four states, led by Florida,...

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Mortgage tech roundup: New tools for lenders and brokers

Mortgage tech roundup: New tools for lenders and brokers

In the heat of the homebuying season, multiple companies in the mortgage industry are rolling out new products to stand...

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Household debt at a high, risks lurk beneath stable arrears

Household debt at a high, risks lurk beneath stable arrears

Household debt inched up to another record high in the first quarter even though nonmortgage-related debt drifted lower with a...

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California bills would pause mortgage payments in disasters

California bills would pause mortgage payments in disasters

Three wildfire-relief bills, including one that would let homeowners pause mortgage payments after a disaster declaration, cleared their respective California...

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MBA renews press for limited single report as scores compete

MBA renews press for limited single report as scores compete

Now that there are formal government-sponsored enterprise guidelines for score modernization that help fulfill a legislative mandate, the Mortgage Bankers...

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