Of the 50 U.S. counties with the risk for distressed properties, 31 are concentrated in four states, led by Florida, an Attom Data Solutions analysis found. Processing Content Florida is the home of 12 of those counties, with the No. 1 most at risk locale in the nation being Charlotte County. California was next with […]
31 of 50 riskiest housing markets cluster in 4 states Read More »
One of 2026’s latest acquisition deals involves two companies eyeing growth — one through addition and the other via the sale of assets, allowing it to focus on its core mission since inception. Processing Content The May deal between Valon Technologies and Carrington Mortgage Services spotlights two running themes in the current wave of mergers
How Valon and Carrington plan to crack a servicing tech duopoly Read More »
Onity Group announced Tuesday that it was able to get an essential approval for a reverse mortgage transaction with Finance of America by reducing the amount of servicing rights it’s agreeing to sell. Processing Content The plan the company announced in its recent earnings call to get government securitization guarantor Ginnie Mae’s blessing by roughly
Onity updates reverse mortgage deal, preps share buyback Read More »
The Department of Veterans Affairs has unveiled new procedures for distressed borrowers with mortgages it partially guarantees, including an option that may help many who got loans at lower rates than are currently available in the market. Processing Content The VA will be ready to accept the legislatively-mandated partial claim that addresses the interest rate
VA finalizes new distressed borrower assistance Read More »
A new Minnesota bill signed into law last week will require mortgage servicers to maintain recordings of all customer telephone interactions for five years, alongside a host of tightened rules affecting escrow and account transfers. Processing Content Under the new law, companies servicing more than 500 residential loans in the North Star State must record
Minnesota mandates recording of most mortgage servicing calls Read More »
The U.S. foreclosure inventory as of the end of the first quarter was at its highest level in six years, with over three quarters of the nation’s metro areas reporting higher rates, Cotality’s latest Loan Performance Indicators report disclosed. Processing Content The foreclosure inventory rate rose for the first time in 15 months, with both
Foreclosure inventory rises in 1Q to six-year high Read More »
In the heat of the homebuying season, multiple companies in the mortgage industry are rolling out new products to stand out from competitors. Processing Content LoanDepot partnered with Figure last month to launch a five-minute loan product. Finance of America released a new reverse mortgage line of credit product. And Figure teamed up with Credibly
Mortgage tech roundup: New tools for lenders and brokers Read More »
Three mortgage giants are in limbo yet again as Two Harbors adjourned another shareholder meeting Thursday. Processing Content Two Harbors in a press release said it wants to provide additional time to solicit additional proxies in favor of an acquisition bid by CrossCountry Mortgage. The company adjourned a shareholder meeting last week as competing interest
Two Harbors postpones vote as CrossCountry touts final offer Read More »
Two Harbors Investment Corp. has once again adjourned its special meeting of stockholders, giving the MSR-focused real estate investment trust more time to solicit votes for its proposed all-cash sale to an affiliate of CrossCountry Mortgage (CCM). Two Harbors and CCM entered into a definitive merger agreement on March 27. Negotiations with CCM produced two
The wait continues: Two Harbors stalls on CCM merger approval Read More »
A lift in cure rates for distressed mortgages showed staying power in April with the monthly number significantly higher than earlier in the year, according to Intercontinental Exchange. Processing Content The consistent monthly rate of more than 62,000 far outpaces an average around 42,000 between November and February, ICE found in its First Look report.
Lift in mortgage cure rates may bode well for FHA recovery Read More »