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Coming Up:
Insurance Crisis Hits Lenders' Bottom Lines
While monthly principal, interest, and property tax obligations are up an average 15-17% since the beginning of 2020, the average monthly property insurance payment is up a staggering 52% over that same period.
Credit Score Switch Proving Difficult Absent Agency Guidance
Panelists at MBA's annual event agree GSEs have neglected to facilitate mandatory adoption of new credit scoring models, set to take effect in the fourth quarter of 2025.
A Pleasant Surprise For RCN Capital
Preparation and opportunity diverged into one during RCN Capital’s August 2024 record-breaking month.
Mr. Cooper Group Reports Net Income Of $80 Million
Mr. Cooper's servicing portfolio ended the third quarter at over $1.2 trillion
U.S. Down Payment Assistance Program Count Hits 2,444
The report noted a 5% increase in programs for first-generation homebuyers
Flagstar Bank Announces Workforce Reduction Of 700 Employees
More layoffs are expected following Mr. Cooper mortgage servicing sale expected to close during the fourth quarter
A&D Mortgage Relocates To Fort Lauderdale
Non-QM lender touts move as part of expansion effort
Mortgage CFOs, CIOs: Rate Relief A Long Way Off
Eager for relief but fearing further losses, industry executives offer insights on a volatile mortgage market in transition.
Mortgage Applications Break Away From Upward Trajectory
After weeks of increases, applications decreased 1.3% from a week earlier.
ICE Expands Credit Dispute Processing For Mortgage Servicers
ICE Credit Bureau Management automates credit disputes, helping servicers meet 30-day reporting deadlines.