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Will Foreclosures Surge as Forbearance Ends?

Will mortgage servicers be overwhelmed by a deluge of foreclosure filings when millions of borrowers exit their COVID-19-related forbearance plans? Recent data suggest that the...

Welcome, Mr. Cooper

Nationstar Mortgage Holdings Inc. has officially unveiled a new brand name - Mr. Cooper - for its mortgage servicing and originations operation. The company says...

NAR: Housing Supply at ‘Pitiful Levels’

According to the latest quarterly report from the National Association of Realtors, the national median existing single-family home price in the second quarter was...

MBA: New Home Purchases Grew 5.1% Year Over Year

Applications for mortgages for new home purchases in July decreased 12% compared with June and increased 5.1% compared with July 2016, according to the...

UWM Loan Closings: No Wet-Signing Necessary

United Wholesale Mortgage (UWM) has introduced what it says is “the nation's first virtual e-closing experience,” enabling borrowers to fulfill a full mortgage transaction...

DOJ Settles With PHH

PHH Corp., PHH Mortgage Corp. and PHH Home Loans have settled with the U.S. Department of Justice to settle allegations that they violated the...

May Delinquency Rate Lowest In Almost 10 Years

According to CoreLogic’s latest Loan Performance Insights Report, 4.5% of U.S. mortgages were in some stage of delinquency in May 2017, representing a 0.8...

Wells Fargo Finally Settles Lawsuit Over Veterans Affairs Loans

Wells Fargo & Co. announced today that the company has agreed to settle a lawsuit that claimed some Veterans Administration (VA) Interest Rate Reduction...

U.S. Home Prices In June Rose 6.7% Year Over Year

U.S. home prices increased year over year by 6.7% from June 2016 to June 2017, and on a month-over-month basis, home prices increased by 1.1%...

NAR: Pending Home Sales Reversed Course In June

After declining for three straight months, pending home sales recovered in June as all major regions, except for the Midwest, saw an increase in...

Fed To Begin Quantitative Tightening ‘Relatively Soon’

Balance sheet normalization will likely commence before year's end, 'provided that the economy evolves broadly as anticipated.'

Mortgage Servicer Ocwen Inks Major MSR Deal With New Residential

“This is a great transaction for both companies, and we are extremely pleased to announce our new strategic partnership."

Black Knight: Low Interest Rates Continue To Push Prepayments Higher

Low interest rates continued to push prepayments higher in June, according to Black Knight Financial Service’s “First Look” report. The prepayment rate in June was...

Harry Gardner: Misconceptions Still Surround E-Signatures

PERSON OF THE WEEK: Harry Gardner is executive vice president of e-strategies for Docutech, a provider of e-signature and e-document technology to the mortgage...

Median U.S. Home Value Surpasses $200k for the First Time

According to the June Zillow Real Estate Market Reports, the national median home value is now $200,400, up about 7.5% since this time last...

Fannie Mae: Slowdown Likely in Second Half

Expectations for 2017 economic growth remain at 2.0% amid a projected second-half slowdown, according to the Fannie Mae Economic & Strategic Research (ESR) Group's...

Chase Taps Google’s Data to See What Mortgage Info Is Being Searched

Chase Home Lending and Google recently announced a partnership whereby the organizations are collaborating to see how and what people are searching to find...

RBS Settles Mortgage Securities Lawsuit for $5.5 Billion

The Royal Bank of Scotland Group (RBS) has reached a settlement with the Federal Housing Finance Agency (FHFA), the conservator of Fannie Mae and...

Millennials Are Hot for Minnesota?

Millennials continue to compete for available housing inventory, but recent data from Ellie Mae shows that millennials are attracted to more affordable real estate...

HSBC Reportedly Engaged in Negotiations with DOJ

Global banking behemoth HSBC Holdings is reportedly negotiating with the U.S. Department of Justice to potentially resolve open investigations regarding the company’s mortgage securities...